Backshop News
New Backshop web site showcases Asset and Fund management
SAUSALITO, CA — Today we launched a subtle site redesign that better highlights
Backshop's value not only for loan origination, but also for asset management and
fund management.
Published: April, 2009
Bank of America's CMBS Group goes live on Backshop
SAUSALITO, CA — CMBS.com, Inc. announced that Bank of America's CMBS Group
went live on Backshop's commercial real estate loan origination platform. Bank of
America selected Backshop as its end-to-end origination system handling features
including pipeline, underwriting, approval, hedging and securitization management.
Published: September, 2008
Genworth Financial goes live on Backshop
SAUSALITO, CA — CMBS.com, Inc. announced today that Genworth Financial went
live on Backshop. Genworth has been a Backshop customer since early 2007 but had
been operating on the Deal Central platform that was acquired by the company. After
a full review of the Backshop capability, Genworth Financial successfully migrated
off of Deal Central and onto Backshop.
Published: June, 2008
More power,
better flow with Backshop 4.0
SAUSALITO, CA — Backshop, Inc., building on the industry-standard Backshop
platform, version 4.0 features a bright new look and intuitive user interface. The
enterprise-class software supports full NPV and Direct Cap Underwriting for all
property types — commercial, multifamily, condominiums, construction, etc.
— as well as bulk uploads, the ability to copy external deals, and more.
Published: June, 2007
Backshop
Buys Capmark's DealCentral Loan Origination Platform
CommercialRealEstateDirect.com — Backshop Inc. has purchased the DealCentral
loan origination system from Capmark Financial. The acquisition gives the Sausalito,
Calif., company, which was a relative late-comer to the sector, additional market
share by virtue of DealCentral's four clients. More importantly, however, it has
structured a deal to have Capmark, a Horsham, Pa., lender and investment manager,
gradually adopt the Backshop platform for its originations.
Published: June, 2007
S&P Sells, Licenses Charter Research
CMBS Analytics Unit
CommercialRealEstateDirect.com — The rating agency has sold Charter's computer
and analytics models as well as its entire CMBS database to Backshop Inc., a Sausalito,
Calif., company that developed a technology platform for mortgage origination and
underwriting. And it has signed a licensing agreement with Bloomberg, giving the
information services company the ability to offer clients a proprietary CMBS modeling
application.
Published: March, 2007
Backshop
Seen Buying Capmark's DealCentral
CommercialRealEstateDirect.com — The acquisition, if completed, would add
to what is arguably Backshop's dominant market position. Only two other companies
market origination systems to the commercial mortgage sector: Capital Stream Inc.,
which in 2004 acquired CapitalThinking Inc., which had developed among the first
such systems, and Rockport Group, launched last year by Rick Trepp, the founder
of Trepp LLC, which was sold to the Daily Mail and General Trust.
Published: January, 2007
Backshop Changes
its Name to CMBS.com
SAN FRANCISCO, CA — Backshop, Inc., the leading provider of loan origination
software for commercial real estate lending announced that it has changed its name
to CMBS.com.
Published: January, 2007
CMBS /
CDO Issuers, Portfolio / Construction Lenders and Rating Agencies Selected Backshop's
Leading Enterprise Software To Increase Profitability
SAN FRANCISCO, CA — Backshop, Inc., the nation's leading provider of loan
origination software for commercial real estate lending announced several new clients
today.
Published: December, 2006
ABN Amro's
Europe Operation Adopts Backshop System
CommercialRealEstateDirect.com — ABN Amro has adopted Backshop Inc.'s mortgage
underwriting platform to manage its mortgage production operation in Europe. This
makes ABN Backshop's first European client.
Published: January, 2006
ABN AMRO
Now Using Backshop To Manage European Commercial Real Estate Lending Production
SAN FRANCISCO, CA — Backshop, Inc., the leading provider of loan origination
software for commercial real estate lending announced that ABN AMRO has selected
its enterprise solution, cUnderwriter, to manage its European CRE loan production.
Backshop enables lenders to integrate all of their CRE lending into a single, secure
web-based platform by providing robust pipeline management, lease-by-lease underwriting,
securitization asset summaries and data tapes, and on-line document management.
Published: October, 2005
Eight Global
Financial Institutions Now Using Backshop To Manage Commercial Real Estate Lending
Production
SAN FRANCISCO, CA — Backshop, Inc., the nation's leading provider of loan
origination software for commercial real estate lending, announced that eight major
Commercial Mortgage Backed Securities (CMBS), Portfolio and B-Note lenders have
selected its enterprise solution, cUnderwriter, to manage their CRE loan production.
Published: June, 2005
Entrepreneur
Launches Mortgage Application; Signs Up Client
CommercialRealEstateDirect.com — There's a new player helping lenders automate
their commercial mortgage underwriting procedures. Just when it appeared that not
even heavily financed operations could make a go of developing and marketing software
for the mortgage industry, a small entrepreneurial shop in the San Francisco suburbs
has put together a powerful Web-based platform and has licensed it to RBS Greenwich
Capital.
Published: January, 2004
RBS Greenwich
Capital Goes Live With New Commercial Real Estate Underwriting System
San Francisco, CA — The next generation of commercial real estate loan underwriting
is now in service at RBS Greenwich Capital, as the successful installation of cUnderwriter,
an enterprise software solution developed by Backshop, Inc., removes cumbersome
spreadsheets and disparate systems by integrating commercial real estate lending
into one system.
Published: October 30, 2003