19 March 2018
visit www.ebaday.com

Princeton Financial to distribute Rockport System

09 July 2007  |  1882 views  |  0 Source: Princeton Financial Systems

Princeton Financial Systems, a leading provider of portfolio accounting solutions for global institutional investors, and The Rockport Group, a leading provider of software and services for the commercial real estate industry, have entered into a strategic alliance.

Through this partnership, Princeton Financial Systems will offer THE ROCKPORT SYSTEM to complement its PAM for Mortgages system. The Rockport System is a fully web-accessed Commercial Real Estate Loan Origination, Credit and Risk Management Platform, which provides a full set of Pipeline, Underwriting, Securitization, Portfolio Management, B Piece Buying and Reporting Tools to commercial mortgage lenders, buyers, and asset managers.

Through an interface to PAM, users of the PAM for Mortgages system will now benefit from robust features of THE ROCKPORT SYSTEM. Rockport's database, which is over 4,000 fields strong, takes new and purchased loans (A, B, C, etc.) from initial quote/purchase through exit strategy (i.e., securitization, portfolio, CDO - as well as ongoing surveillance), and provides sophisticated reporting and analysis tools at the portfolio, loan, property and borrower/sponsor levels. The system provides a downloadable Excel underwriting model, with a highly sophisticated reporting platform. The value proposition of the system is that it combines the power of a relational database with the flexibility of Excel.

"The basis of this alliance is a win-win scenario in which Princeton Financial and THE ROCKPORT GROUP together strengthen their product offerings, while providing our customers the benefits of a proven front office origination and portfolio risk system," said Joseph Daddario, Senior Managing Director, Strategic Solutions and Real Estate for Princeton, "Our successful track record, coupled with our commitment to the industry, has motivated our two companies to commit to this partnership."

"I have always had great respect for Princeton Financial and its products, which, like Rockport, provides best in class service. Our strategic partnership provides an end to end software solution which will give our mutual clients a competitive edge," said William Trepp, Managing Director at Rockport.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.ebaday.comVisit www.facebook.com/business/

Top topics

Most viewed Most shared
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
8804 views comments | 27 tweets | 37 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
8342 views comments | 9 tweets | 8 linkedin
BIS warns central banks on digital currency issuanceBIS warns central banks on digital currenc...
7156 views comments | 18 tweets | 17 linkedin
Barclays propels Coinbase into Faster PaymentsBarclays propels Coinbase into Faster Paym...
7114 views comments | 15 tweets | 28 linkedin
AI augmenting compliance processesAI augmenting compliance processes
6761 views comments | 3 tweets | 5 linkedin

Featured job

Find your next job