Lending institutions need to keep track of investments. Emortgagedesk provides instant updates on the value of loans. Helen Osborne reports
It is often impossible to keep abreast of the world’s capital markets. That’s why US-based Reaxon created emortgagedesk.com – to give instant updates on the status of loans.
Targeted at commercial property lenders, emortgagedesk.com is a business-to-business application service provider that aims to ensure that capital can be obtained to fund commitments while maximising investment and operational returns.
It enables investors to model, track and analyse highly complex assets while giving them flexibility to meet specific demands.
Reaxon’s chief executive officer, Tim Meuller, believes this can be essential for dealing in today’s volatile markets.
Developed originally by KPMG, emortgagedesk enables lenders to process loans from origination to due diligence and on to closing, and deal with securitisation.
Morgan Stanley and John Hancock are now piloting the software before its launch, planned for the second quarter.
The subscription-based service is provided over the web, with customers using eMortgageDesk’s server to enter and store data. The cost is $25 per quote, $2,000 per application and $500 per securitised loan.
