TPG Software Launches Cloud-Based REIT Management Offering – NMP Skip to main content

TPG Software Launches Cloud-Based REIT Management Offering

NationalMortgageProfessional.com
Dec 19, 2011

TPG Software, a provider of accounting and analytics software for mortgage real estate investment trusts (REITs), has announced a new service that offers the ability to deliver daily analytical and accounting reporting via cloud computing. Mortgage REITs can use this daily reporting service that combines portfolio management with analytics, hedging, and operational reports to improve operational efficiency. The new REIT Reporting-as-a-Service (RRaS) debuts at a time when institutional investors are demanding more transparency and independent verification of performance results. "Transparency, accuracy and presentation of all investment-related metrics, including assets, liabilities and derivatives, are the main concern of every Mortgage REIT," said Slavek Rotkiewicz, president of TPG Software. The TPG Cloud-based service frees asset managers from the time and expense of producing customized reports from multiple data sources. TPG Software supplies the analytics and functionality which enables REITS to generate reports for each of their portfolios as well as consolidated report view. TPG RRaS calculates daily P/L and balance sheet information, counterparty exposures, forecasts cash flows, and calculates interest rate risk and positions accounting and assists in managing collateral. TPG Software RRaS standardizes the REIT business process and workflow making managing and reporting much more efficient than older legacy systems. "The ability to provide comprehensive daily reporting for our Mortgage REITs clients is another step forward in improving the daily business process and consequently returns," said Rick Schnitger, product manager at TPG Software.
Published
Dec 19, 2011
More from
Tech
The Twelve Days of Renewals

The 2021 Renewal season brought no holiday joy to either regulator or industry users

Regulation and Compliance
Dec 07, 2021
OpenClose Launches Mobile Assist

OpenClose, a fintech provider of mortgage software solutions for banks, credit unions, and mortgage lenders launched its native mobile app platform, Mobile Assist.

Tech
Dec 07, 2021
Banks And Investors Stake Claim To Their Domain

December 22, 2021, Valencia’s fully digital auction house will auction off .finance and .financial domain names.

Tech
Dec 02, 2021
Why Short-Term Closing Fixes May Be Holding Lenders Back

2020 became a record year for eClosing and eNote adoption

Tech
Dec 01, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021