GAAP and Statutory Accounting in Lms.Ops!

With our 19.80.9 release, LMS.Ops supports both GAAP and Statutory (known as SAP or STAT) Accounting methodologies for customers electing HFI (held for investment) accounting. In the United States, authorized insurers are required to prepare financial information according to SAP. However, most insurers with loan portfolios also need to be able to report according to Generally Accepted Accounting Principles (GAAP), as these are a common set of accounting standards widely used to compare financial performance across company types.

LMS.Ops allows insurance company investors to report financials according to both pool-level GAAP accounting and loan-level SAP accounting on the same portfolios:

  • New pool-level transactions are booked instantaneously with loan-level SAP entries.
  • Users can to update and track yields and impairments on account pools.
  • Maintenance transactions such as dropping a loan from an account pool are supported
  • New GAAP accounts for Purchase Premium/Discount, Realized Gain/Loss, Amort of Purchase Premium on the loan-level. 
  • New Account Pool History dashboard to track pool-level activity

Fix and Flip support is here

With our 19.80.9 release, now generally available, we have introduced front-to-back support for fix and flip / rehab loans in the LMS product family. This segment of the market has been fast-growing in recent years, with many loan aggregators looking to add rehab and bridge loan product to their closed loan purchase programs.

  • Our out of the box loan database schema has been extended to capture unique loan characteristics such as construction draws and holdbacks
  • Fix and flip programs can be modelled in LMS and locked in Lms.Connect
  • New draw requests can be entered in LMS.Ops
    • Requests can be manually entered, uploaded, or pulled in from servicer files
    • Draw review and approval with supporting document upload is supported
  • P&I forecasting and reconciliation calculations have been extended to handle draw activity
  • Draw transactions and daily interest accruals have been updated to handle draws.

Contact your SSI Client Services manager for more information on this and other upcoming features.

Announcing version 19.80.8

It may be the dog days of summer but we're not letting up here at SSI...our upcoming 19..80.8 release has a host of major features we're excited about! To find out more about release schedules and for a list of all resolved bugs and features, contact your client services manager.

Lms.Lend

  • Revamped facility modelling - Covenant and advancing definitions use our all-new LMS rule engine and expression language, greatly lowering the learning curve for modelling new facilities.
  • New Integration - Well Fargo custodial integration now available
  • Snapshots - Historical records of sublimits and ineligible loans are now saved permanently.
  • Reports - Facility expiration and sublimit/ineligibility exception reports now available
  • Numerous bug fixes and features, including improvements transaction processing

LMS / Lms.Connect

  • Pricing Engine - we've rewritten our ratesheet pricing and eligbility engine from the ground up, with huge improvements in performance, ease of maintenance, and flexibility.
  • New Integration - Well Fargo custodial integration now available
  • Correct loan details - a comprehensive loan data editor to make it easier for investors to override and enhance loan data post-registration
  • Numerous bug fixes and features including improvements to document exporting, due diligence workflow, and funding calculations

Lms.Ops / Lms.Insight

  • Constant Yield accounting - customers electing held-for-investment accounting can now choose to use constant yield valuation methodology, in addition to the already-supported straight line method.
  • Escrow and corporate advances - improved handling of escrow and corp advance balances, including options to include on purchase and sale fundings and automatically updating balances from servicer remittance feeds
  •  Numerous bug fixes and features including improvements to inter-company transfers

 

Organize Loan Data with Grouped Dashboards

Our upcoming version 19.80.7, releasing in May, brings a great new presentation feature. Grouped Dashboards allow related dashboards to be connected by a quick navigation links. It's a great way to link a lot of related views that are too overwhelming to show on a single screen, such as loan servicing history:

Grouped dashboards export nicely as tabs in Excel spreadsheets...

Change Management

Over the past several months, we’ve been hard at work revamping our change management tools here at SSI. We are very excited to make this improvement available to all clients with our newest release. There are several improvements that will make recognizing and maintaining customizations easier than ever before:

  • Clearly see which objects are "generic" and which objects are "customized"
  • Changing a generic object will convert it to "customized"
  • Any subsequent generic updates by SSI will not touch your customized object; your work is safe!
  • Create your own patches for new extractions - when extracting from your LMS instance, you'll have a new option to create a new patch - you'll no longer need SSI support to do this.
CustomWarning.png

As always, we encourage our readers to provide us with feedback. If you have any questions or comments, or would like to see a demo of the new change management tools, please reach out to your SSI Account Manager or email us at sales@streetsolutions.com.

Meet us at SFIG Vegas 2017!

Street Solutions will be attending SFIG Vegas 2017 (Feb 26 - Mar 1)

We will be hosting meetings and product demos during the entire conference. Attending? Let us know! Please reach out to the following contacts to schedule a meeting:

Hiren C. Surti
hiren@streetsolutions.com

Danielle Greenwald
dgreenwald@streetsolutions.com

About SSI

SSI has been in continuous operation since 1999 and has supported the Loan Management System (LMS) platform since 2003. We provide an end-to-end platform for managing loan processes from purchase through exit, with modules for traders, credit risk managers, surveillance, operations, accounting, and more. The core technology consists of a comprehensive loan data model, tape cracking facility, and sophisticated reporting tools. 

Since inception, SSI has powered over $2.5 Trillion in volume for: 

- Mortgage Conduits
- Asset Management Firms
- REITs
- Originators
- NPL / RPL Buyers
- Aggregators
- Broker / Dealers
- Servicers
- Warehouse Lenders
- Hedge Funds
- Investment Banks

A quick look into our client roster:

- Three top 50 US banks (2 in the top 10) 
- Three of the top 25 global banks
- Five of the top 10 global investment banks
- One of the top 5 bond insurers
- Multiple funds with > 10 billion $ under management
- Several large special mortgage servicers 

Company Leadership

SSI’s Principals have deep experience in the mortgage secondary market, having held positions in trading, analytics, and technology at large Wall Street firms including Credit Suisse, Nomura Securities, Goldman Sachs, and Bear Stearns before founding SSI. 

Product Launch: LMS.Lend, a Warehouse Lending System

SSI is excited to announce our new solution for Warehouse Lenders, LMS.Lend!  Built on top of LMS’s extensive loan data model, LMS.Lend is an exceptional tool for tracking and managing warehouse lines.  

Why Use LMS.Lend?

Warehouse lenders that manage any number of warehouse lines can use LMS.Lend to address many aspects of fundings, returns, and line management:

  • Real-time analysis of Sublimit and Covenant exposure at the time of funding
  • Real-time loan eligibility checks during fundings
  • Automatic calculation of best usage for facilities, encouraging sellers to use the line
  • Ability to monitor risk exposure across facilities
  • Allow sellers to initiate transactions, reducing internal workload and bottlenecks

Track fundings and returns

LMS.Lend provides a clear, easy-to-use transaction dashboard to monitor all activity on a particular line.  All transactions use a wizard to guide users through the various steps of a funding or return.

Tape-cracking ability and Custom Validations

Easily add custom funding validations particular to your lending business.  New clients can be on-boarded quickly by using LMS.Lend’s mapping definition tool.

Transaction Approval and Audit Trail

Out-of-the-box support for manager approvals and transaction workflow.  Provides a full audit trail of all actions and decisions.

Real-time Sublimit and Covenant Tracking and Waivers

Create custom collateral definitions for use in limit and exclusion definitions.  Provides for an ability to temporarily waive any rule.  All eligibility rules are invoked during transaction processing, providing an instant look at how any change will affect the facility:

Custom Rule-based Loan Pricing

Create custom collateral definitions for use in defining pricing buckets.  Assign margin and advance rates at the bucket level.

Facility Borrowing Base, Waterfall and Availability Calculations

Calculate a borrowing base in real-time, taking into consideration all covenants, sublimits and pricing.  Apply a cash waterfall across eligible collateral, thereby providing best use for your warehouse clients.  Real-time availability calculation using all components of a facility including total line limit.

Collateral Updates

Easily update loan and status fields for common events (servicing, wet to dry) while loans are warehoused.

Interest Accrual, Fee tracking and Invoicing

Daily interest accruals are run for all lines.  Ability to add one-time or recurring fees.  Automatically create monthly invoices for clients, encapsulating all interest and fee activity.

Additional Features Coming Soon:

  • Custodial Processing and Shipment Tracking - reconcile inventory versus a daily custodial extract.  Track shipping status, wet/dry and document exceptions.
  • Client Portal - allow loan sellers to directly access your LMS.Lend instance through a secure, web-based portal.  Clients can initiate funding requests, view loan exceptions, and run reports


We encourage our readers to provide us with feedback. If you have any questions or comments, or would like to see a demo of our latest technology, please reach out to your SSI Account Manager or email us at sales@streetsolutions.com.

Amazon Web Services S3 support

In our upcoming 80.1 release, we are excited to announce that clients will now have a choice of storage back-end for documents. Documents can either be stored in the SQL Server database OR using Amazon S3!

What is Amazon S3?

Amazon Simple Storage Service (Amazon S3) is a massively scalable cloud storage solution offered by Amazon Web Services.  It can handle petabytes of data and millions of individual documents, while boasting 99.99% availability and 99.999999999% durability.

Why use Amazon S3?

Amazon S3 is a complete and robust storage platform that allows SSI customers to scale documents to the millions and beyond.  For customers who anticipate needing to store large numbers of documents, setting up Amazon S3 can provide several benefits:

  • Low Cost - large amounts of data can be stored at a very low cost
  • Truly unlimited storage - the number of objects that can be stored is unlimited, and single objects can be as large as  5 terabytes
  • Durability - your documents are stored redundantly across multiple facilities, so you can rest assured that your docs will always be available
  • Security - documents stored on S3 are encrypted using SSI-managed encryption keys, meaning the AWS cloud infrastructure does not store the encryption keys, and each LMS hosted instance will use its own unique encryption keys. All communication with the S3 storage service happens over SSL-encrypted channels as well.

As always, we encourage our readers to provide us with feedback. If you have any questions or comments, please reach out to your SSI Account Manager or email us at sales@streetsolutions.com.


Release Announcement: Cycle 80 is LIVE - Fast, Sophisticated, and Easy to Use

Out with the old, in with the new!

We are pleased to formally announce our latest and best upgrade yet, Cycle 80.

Over the past year, our products have undergone some serious refactoring and enhancements based on the needs of our users. We've spent countless hours refining features to address gaps in the market, as well as delivering solutions to reflect industry best practices.

Whether you're a conduit, broker / dealer, loan aggregator, originator, servicer, hedge fund, advisory biz, or simply a firm looking to manage whole loans, SSI's platform now delivers a cleaner and faster experience for all users, supported by a completely reimagined workflow engine, sleek new screens and more!  Check it out below!

Click on the image below to get a closer look!

Processing Enhancements

Cycle 80 sports a complete rewrite of our workflow engine that brings significant enhancements to our abilities to: 

  • Streamline varied sets of processes, be it transaction related or operational
  • Run processes more efficiently - we've achieved performance gains of at least 500% 
  • Support running workflows on larger data sets, i.e settling a pool of 25k loans or generating data edits on 100k loans
  • Centralize auditing for every process via the new architecture

LmsOps 2.0 is now LIVE!

We have re-implemented the LmsOps loan accounting module with the new Phoenix distributed task architecture / workflow engine. Check out some of the updates:

Redesign: Preview your Scheduled Payment Transactions prior to submitting to the GL

New Feature: Manage ARM Resets, forecast new rates and use them in your interest accruals and monthly P&I recon

  • Ops will forecast new rates the moment the rate index is populated based on the lookback period
  • Users can review rates and underlying terms used to generate the forecast and make updates as necessary
  • Rate forecasting can be rerun on demand or automatically to account for updated info
  • The new rates can automatically be marked 'Approved' on the reset date unless there are outstanding issues (i.e. if the calculated rate is below the rate margin)
  • Servicing interest accrual will use the forecasted rate after the reset date
  • The forecasted rate will be integrated into the P&I forecast at the appropriate month

Click on the image below to get a closer look!

Brand New Workflow Wizard

Workflow wizards have been redesigned to display more useful information. They're capable of displaying custom messages and grids alongside aggregated data!

Redesigned Login Pages

The login page, for both investor and seller facing applications, has been redesigned to deliver a more modern look and provide configurable options to display different info, including:

  • Company logo in the Correspondent Portal
  • Terms of Service
  • Disclaimer
  • HelpDesk Info
Login.png

A Correspondent Portal Optimized for Seller Interaction

The Correspondent Portal homepage has been completely redesigned based on industry feedback. This new home screen is task-oriented, allowing sellers to see all of the items requiring action as soon as they log in - no more searching through different screens to figure out what needs to be done.  By filtering out the noise, Correspondents can clearly identify their priorities.  Also, you (as the investor / host of the portal) have full control of new announcements and documents you wish to release to Sellers, thereby making communication simple and seamless.

Click on the image below to get a closer look!

Side-by-side Data Compares

It’s now easier than ever to compare loan data from different points in the process.  You can pull up side-by-side comparisons and quickly filter out your differences.  The comparison column has been intelligently designed to recognize true differences in the data - it knows not to flag differences in casing or supplemental data. The example below highlights a compare of Lock vs. DD values, but can be revised to compare Custodial vs. DD values, or even Lock vs. Settlement Pricing - adjustments and all!

Dynamically Generate PDFs using our Rich Text Facility!

Rich text widgets are convenient tools for creating dynamic form letters, auto-populated text for reporting, or any other application of free form text.  You can search for any field in the database to fill in any text content - manually filling in those Microsoft Word documents is a thing of the past!

FundingLetter.png

...And Many More Awesome Features!

  • Highly configurable framework to interface and integrate with Servicers, Custodians, TPR Vendors, AVMs, you name it!
  • Streamlined in-app Condition Clearing and Management - complete with real-time document delivery to TPR vendors
  • Savable dashboard filters - quickly run multiple scenarios of reporting with private and shared filters
  • Smart copy and paste - copy any alphanumeric list of Loan numbers from Excel and paste into a Loan Search dashboard; watch the platform automatically comma separate the list
  • Freeze Columns - freeze columns right in the app to facilitate the viewing of large tables of data, just like Excel


We encourage our readers to provide us with feedback. If you have any questions or comments, or would like to see a demo of our latest technology, please reach out to your SSI Account Manager or email us at sales@streetsolutions.com.

Announcing SAML 2.0 Single Sign-On Support!

In our upcoming 80.1 release, we have introduced SAML 2.0 SSO support!

What is SAML 2.0?

Security Assertion Markup Language 2.0 (SAML 2.0) is a secure XML based communication mechanism for exchanging authentication and authorization data, typically common identities, between security domains / organizations.

A typical SAML 2.0 setup has two components - a "service provider" (SP), which is the application using SSO (SSI’s Technology in this case), and an identity provider that manages users and provides authorization & authentication (i.e. a 3rd party service like Okta).

SAML can be configured directly through our application’s configuration settings, making the IT Administration seamless and transparent.

Why use SAML 2.0?

The key use of SAML 2.0 is internet SSO (Single Sign On).  SSO has multiple advantages relating to security and convenient usability:

  • Limits the number of credentials needed - Security is increased by eliminating the number of credentials a user needs.  This provides fewer opportunities for credential theft.
  • Reduces phishing opportunities - Users can limit the number of times they have to use online login forms.
  • Increases application access - Barriers to usage are eliminated.  Users can simply click on a link for easy access to the application.
  • Eliminates administration time and cost - By removing the responsibility from the user to remember credentials, the need for help desk calls is largely minimized.  According to Gartner, up to 50% of all Help Desk calls are just requests for password resets!

As always, we encourage our readers to provide us with feedback. If you have any questions or comments, or would like to see a demo of the SAML 2.0 SSO support, please reach out to your SSI Account Manager or email us at sales@streetsolutions.com.

Sneak Peak: LMS.Ops 2.0 - now 5x faster than before!

That's right - your eyes are not deceiving you.

Now built on our brand new Phoenix distributed task architecture, LMS.Ops is able to process your portfolio of loans 5x faster!  Whether you're generating journals for incoming cash receipts, forecasting payments for your monthly remittance reconciliations across multiple servicers, or processing daily interest accruals, the performance gains are like night and day (not to mention the better look and feel).

In addition, check out these other features being built into Ops 2.0:

  • Streamlined servicer reconciliation process
  • Redesigned wizards that tell you what you need to know before performing a transaction (some examples listed below)
  • HFI Accounting Support
  • LOCOM and REO Accounting Support

Redesign: Preview your Scheduled Payment Transactions prior to submitting to the GL

Redesign: Have your Ops analyst close a monthly P&I forecast cycle and move it to a Manager to review all in one step

New Feature: Manage ARM Resets, forecast new rates and use them in your interest accruals and monthly P&I recon

  • Ops will forecast new rates the moment the rate index is populated based on the lookback period
  • Users can review rates and underlying terms used to generate the forecast and make updates as necessary
  • Rate forecasting can be rerun on demand or automatically to account for updated info
  • The new rates can automatically be marked 'Approved' on the reset date unless there are outstanding issues (i.e. if the calculated rate is below the rate margin)
  • Servicing interest accrual will use the forecasted rate after the reset date
  • The forecasted rate will be integrated into the P&I forecast at the appropriate month

Click on the image below to get a closer look!

New Feature: Held for Investment Accounting Support

  • Accounting treatment Held for Investment (HFI) or Held for Sale (HFS) is maintained at the loan level
  • At the time of purchase, user can designate which items are to be capitalized
  • User can set number of months to amortize capitalized items over (default will be remaining life of the loan)
  • As principal payments are received, the capitalized items are amortized
  • When a loan is sold or paid in full, any unamortized amounts will be written-off
  • When a loan becomes non performing, it will automatically be subject to lower of cost or market (LOCOM)
  • Future product release will support level yield amortization
  • Fully integrated with the P&I reconciliation feature within LMS.Ops

As always, we encourage our readers to provide us with feedback. If you have any questions or comments, or would like to see a demo of LMS.Ops, please reach out to your SSI Account Manager or email us at sales@streetsolutions.com.

Stay tuned!

SSI completes SOC 1 Type 2 examination for 2015

Jersey City, New Jersey – March – Street Solutions, Inc., a privately owned software and services company that develops software for the financial sector with a focus on the secondary mortgage loan market, announced today that it has completed a SOC 1 (Statement on Standards for Attestation Engagements No. 16 (“SSAE 16”)) Type 2 examination.  The examination was performed by 360 Advanced, Inc., a full-service audit firm that specializes in integrated compliance solutions, including conducting SOC 1 examinations.  SSAE 16, developed by the American Institute of Certified Public Accountants (AICPA), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services.  Companies who complete an annual SOC 1 examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not. 

The completion of the SOC 1 (SSAE 16) Type 2 examination typifies Street Solutions, Inc.’s continued commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services provided to their customers.   

The Service Auditors’ Report includes a detailed description of Street Solutions, Inc.’s controls and an independent assessment of whether the controls are placed in operation, suitably designed, and operating effectively.  To receive a copy of the Service Auditors’ Report, or for any further questions, please contact Sundeep Amrute at sundeep@streetsolutions.com.

About Street Solutions, Inc.

SSI is a privately owned software and services company based in Jersey City, New Jersey, that develops software for the financial sector with a focus on the secondary mortgage loan market.  The SSI client profile includes investment banks, hedge funds, mortgage companies and government  sponsored entities.  Founded in 1999, SSI has developed and supported its LMS loan platform for 12+ years, and has offered fully managed cloud solutions for customers since 2008.

We are thrilled to introduce 19.79.0

SSI has been busy working feverishly on enhancements to the LMS platform.  Our intent was to take our already flexible user friendly system and... simply make it better, stronger, faster.  From new dashboarding options like KPIs and Rich Text widgets to advanced reporting capabilities via our new Photon query engine - there is quite a bit new to see.  

The SSI team is proud to release cycle 19.79.0.  At the same time, we also know this is just the beginning of greater things to come.  Below are just a few of the highlights of the release.  


KPIs

Key Performance Indicators (KPIs) are useful for presenting high-level metrics in a very simple way. Below is an example of KPIs from the AcquisitionFlow Monitor.

Each KPI can have a primary and secondary value, and can be set to turn red if a pre-defined threshold is reached


Live Layout

Dashboards can be configured by entering "live layout" mode, which allows the builder to instantly see changes they've made. Configuration options appear in a floating toolbar at the top of the screen while in live layout mode.

Builders now have much more control over the placement of widgets onscreen - convenient one-click options let them be sized to 25%/50% or 100% of the screen width.  

Layouts can even be nested for even more control over widget placement.


Advanced Queries

Cycle 19.79.0 is the first version to use the Photon engine - a proprietary query engine that allows far more reporting flexibility than its predecessor.

Photon's key benefit is the ability to write multi-step queries. Builders can specify multiple queries using the point and click tools provided, then link them together. Data can also be pivoted and unpivoted. These steps can be combined to create extremely complex queries in minutes.

Below is a grid using Photon which compare lock vs due diligence results on a field by field basis. It was built using photon's unpivotjoin, and calc operations

photon example 1.jpg

Below is a grid which uses union to combine purchase and sale pool information into one table.


Would you like to see a demo of 19.79.0?

SSI will be at the MBA Annual Convention & Expo 2015 Oct 18-21 in San Diego, CA

If you plan on being at the MBA conference, please contact us and let's schedule a time to meet.

Simply click here to schedule a time to meet before, during, or after the MBA conference

SSI completes SOC 1 Type 2 examination for 2014

Jersey City, New Jersey – February 2015 Street Solutions, Inc., a privately owned software and services company that develops software for the financial sector with a focus on the secondary mortgage loan market, announced today that it has completed a SOC 1 (Statement on Standards for Attestation Engagements No. 16 (“SSAE 16”)) Type 2 examination covering the period from January 1, 2014 through December 31, 2014.  The examination was performed by 360 Advanced, P.A., a full-service audit and consulting firm that specializes in integrated compliance solutions, including conducting SOC 1 examinations.  SSAE 16, developed by the American Institute of Certified Public Accountants (“AICPA”), is the most widely recognized authoritative guidance that provides service organizations a uniform method for disclosing independently assessed information about the design and operation of internal controls related to their services.  Companies who complete an annual SOC 1 examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies who do not. 

The completion of the SOC 1 (SSAE 16) Type 2 examination typifies Street Solutions, Inc.’s continued commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services provided to its customers.   

The Service Auditors’ Report includes a detailed description of Street Solutions, Inc.’s controls and an independent assessment of whether the controls are placed in operation and suitably designed.  To request a copy of the Service Auditors’ Report, or for any further questions, please contact Sundeep Amrute at sundeep@streetsolutions.com.

About Street Solutions, Inc.

SSI is a privately owned software and services company based in Jersey City, New Jersey, that develops software for the financial sector with a focus on the secondary mortgage loan market.  The SSI client profile includes investment banks, hedge funds, mortgage companies and government entities.  SSI began operations in May of 1999 as a financial technology consulting firm and switched to pure product development in 2003.  In 2008, SSI opened its first hosting facility and began hosting its solutions for clients.

Beautiful reports?

Apparently printed reports still do matter.  It never fails that someone will ask during a demo, "Are you able to print that dashboard?".  Or someone else will say, "Will the printed report have all the information that I see on the dashboard?".  I thought going 'paperless' meant, going paperless.  

At SSI, we get it.  The need for better reporting capabilities, whether printed or converting to a PDF format, is still very high on the priorities list.  Our upcoming 19.79 release, scheduled for end of Q1 2015 contains reporting enhancements based on the feedback we have received.  Here are just a few of changes you can expect to see in the next release:

  • Rather than replicating the exact look of the dashboard, we completely redesigned the PDF rendering process to create simple, clean, presentation-ready reports
  • The user now has better control over the paper size and orientation when creating the PDF export
  • Both batch reporting and browser generated PDFs will have the same reporting format
  • Excel data exporting has been redesigned to properly handle pivot tables and matrices without having to reformat the file
  • The dashboard exporting process was simplified to support future exporting format changes

As always, we encourage our subscribers to provide us with your feedback.  If you have any questions or comments that you would like to address to us specifically, please email us at sales@streetsolutions.com.


MSRs and Whole Loans together in LMS

Market conditions have made the acquisition of mortgage servicing rights (MSRs) a popular trade in 2014. We've responded to client requests by adding the ability to manage MSRs and whole loans together in the same LMS platform in our upcoming 19.78.7 release, to be shipped end of January. MSR support flows from acquisition/sale through the LMS.Ops module, allowing clients to:

  • Book and settle MSR trades within the existing LMS Purchase and Sale modules
  • Conduct servicing strip reconciliation on MSR positions through LMS.Ops and auto generate monthly journal entries
  • Sell retained whole loans to create an MSR position
  • Sell servicing rights on loan position while retaining the whole loan
  • Buy back the whole loans underlying owned MSRs to re-create a retained loan position
  • Track asset-level positions of both whole loans and MSRs on a current and historical basis
  • Report on aggregate positions with breakouts of whole loan released, retained, and MSR position summaries

We believe the MSR trade will be with us for some time. Future releases of the LMS platform will contain additional MSR-specific enhancements - most notably adding flow MSR pricing and delivery to our seller-facing LMS.Connect portal. Please contact your SSI client services representative for more detailed release notes for 19.78.7. If you're not an SSI client, contact sales@streetsolutions.com for more information.


Version 19.79 preview: Key Performance Indicators

Our next major release, version 19.79.0, adds another powerful tool to dashboards - configurable key performance indicators (KPI). These widgets allow for implementation of top-level statistics, highlighting of milestones, and  efficient decision making. Here's a preview:

To find out more, please contact your client support rep, or sales@streetsolutions.com