Closer lets you focus on what you need.

Closer offers clients the much needed foundation for pipeline reporting, loan submission, underwriting, due diligence and data collaboration.

We recognize that "out-of-the-box" systems rarely fit customers' needs, so we build into every license ongoing support services which include ASR and pipeline report customizations.

Utilizing the .NET 2.0 framework and MS Excel integration, Closer provides the most flexible solution available in the market.

Closer supports the following:

Asset Management

Closer support extends post loan closing through loan payoff with asset monitoring at every step.

 
Asset Monitoring
Servicing Data - automated feed via XML for periodic servicing updates
Activity Monitoring and Reporting
Borrower requests
Performance thresholds
Triggers
Narratives - periodic surveillance reports for asset management updates
Template - quarterly (or as needed) basis; track cash flows; update RR
Data Tapes - download standard or ad hoc reporting data
Loan History Tracking
Key Date Tracking
Movement of Loan from Stage to Stage
Workflow Management
Management Reports
 

Buy/Sell Diligence

Closer support continues from the commitment point all the way through the closing.

 
Post- App Diligence Items
Note Data
Mortgage Data
Appraisal Data
Environmental Data
Engineering Data
Seismic Report Data
Site Inspection Data
Borrower Details
Borrower Financial Data
Schedule of Other Real Estate Debt
Underwriting
Unit by Unit Rent Rolls
Trend Analysis
Unit Mix summary
Cash Flow
Rollover Analysis
Reporting
ASR Creation
Credit Memorandums
Conditional Commitments
ERents
C&D
Deal Tapes
Pipeline Management
Ad Hoc
Closing
Sources and Uses
Income and Expense Tracking
Reps and Warrants
Fannie Mae Waiver Tracking
RoboDocs Integration for Legal Document Creation
 

Origination

Closer loan origination support begins at the onset of the initial inquiry.

It's functions include tracking multiple quotes and allowing for a dynamic Rate Stack as well as producing custom commitments. We have also built Loan Sizing into Cashflow Templates and included assistance in closing including integration with Robodocs and Fannie Mae systems.

 
Origination Features
Pre-App Items
Competitive Quote Tracking
Preliminary Deal Filtering
Loan Sizing/Underwriting
Scenario Forecasting
Checklist/Document Management
Pipeline Management
Market Research
Email Triggers for Deadline Management
 

closer

Technology Highlights

Stable Architecture

Closer is built with Microsoft's .NET 2.0 to allow maximum flexibility for delivery of updates and customizations. The back-end database is Microsoft SQL 2005. This total package of technology provides a stable, scalable solution for any size company.

MS Excel Compatibility

Closer has proven to be straightforward, intuitive, functional and flexible. Utilizing the Microsoft Office XML schemas, CLOSER delivers MS Excel integrated interfaces to maximize flexibility and minimize the learning curve for users. At login, users are presented with a list of their current deals, a summary pipeline, active pools and a list of reminders of upcoming loan related events.

Maximum Control and Flexibility

Multiple loans per transaction and multiple tranches per loan support the simplest to the most complicated debt stack structures with multiple exit strategies. Closer offers the maximum amount of control over the systems security and functionality to the end user. From administering user types impacting the user experience, to administering selection options, all the way to modifying the standard underwriting templates by property type.