Significant feature expansion includes functionality to migrate portfolios faster, SOFR calculations, reducing manual data entry, and syndicated lending
BOSTON, MA July 26th, 2021– McCracken Financial Solutions announced the release of STRATEGY 20 in August 2021, the newest version of their industry-leading commercial/multifamily loan servicing solution.
STRATEGY is a single, integrated platform supporting loan application through payoff that currently supports over 180,000 loans valued at over 2 trillion dollars. The latest release delivers a number of valuable enhancements and new features to support a variety of commercial real estate loan management needs: servicing and asset management automation, new loan entry, FEMA disaster alerts across portfolios, relationship visualization to better understand portfolio exposures, escrow, tax and investor processing, data extraction, insurance compliance, borrower inquiry management, and same-day wires.
In addition, STRATEGY is also now “SOFR-ready” with the ability to execute calculations for all adjustable loans. McCracken collaborated with the Alternative Reference Rates Committee (ARRC) to ensure any impact from SOFR was resolved in the latest release for customers. Customer workgroups were also created to gather feedback and preferences on how to best handle adjustable loans in the latest release.
“Despite the COVID-19 pandemic, McCracken has added a number of new customers to our ever-growing roster of top lenders and servicers in need of a best-in-class system,” said Frank McCracken, President of McCracken Financial Solutions. “Working closely with our customers, as well as always being at the forefront of industry changes, has shaped our technology vision to focus this release primarily on automation, system consolidation, and ease of use. This is the beginning of an exciting new roadmap as we push the boundaries of our platform over the next 2 years. STRATEGY 20 is that first big step with even more exciting enhancements in development. You’ll just have to wait and see.”
For more details, contact McCracken to schedule a free demo.
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 servicing solution with over one hundred and eighty thousand loans totaling nearly $2 trillion dollars.
Additional information about McCracken is available at www.mccrackenfs.com
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