Articles
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
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
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