CHFA will leverage the life-of-loan software for its multifamily housing portfolio.
BOSTON, MA., February 8th, 2023 — McCracken Financial Solutions and Colorado Housing and Finance Authority have completed their collaborative effort to implement McCracken’s STRATEGY commercial/multifamily loan solution. The life-of-loan software system will now support CHFA’S commercial real estate servicing operation.
“CHFA is excited about our new relationship with McCracken Financial Solutions and believes the adoption of STRATEGY will provide ongoing opportunities for enhanced customer service and operational efficiency,” said Kristi Budish, Manager of Commercial Operations & Underwriting.
Based in Denver, CHFA invests in affordable housing and community development by offering financial resources to strengthen homeownership, affordable rental housing, and businesses. Together with their lending and community partners, CHFA has invested more than $29.7 billion in Colorado’s economy. CHFA is now leveraging several aspects of STRATEGY across the lifecycle of a loan to improve operational challenges, automate business processes, and enhance the employee experience processing and managing loans while reducing technology costs by moving to a hosted system.
“STRATEGY will help CHFA improve their commercial/multifamily loan servicing and asset management operations, just like it has for our other housing authority customers. We look forward to collaborating with them for years to come,” said Frank McCracken, President, McCracken Financial Solutions.
About McCracken Financial Solutions
McCracken has led the commercial lending and servicing industry for nearly three decades by providing software and services for banks, insurance companies, mortgage bankers and quasi-government agencies. Our flagship solution, STRATEGY, is the commercial real estate industry’s most trusted and comprehensive CRE loan management solution with over 180,000 loans totaling nearly $2 trillion dollars.
Additional information about McCracken is available at www.mccrackenfs.com
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