| CRE Lending System: Overview |
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North Shore System an industry leader in providing
technical solutions to the Commercial Real Estate Finance Industry. We
are best known for our cutting edge technology solutions, including 100%
web-based applications. In addition, we offer an array of products,
anchored by the North Shore Pipeline Module, that automates the lending
process and addresses many inefficiencies in the industry. Through our
system, we have the ability to connect the different players in the
commercial lending process.
North Shore differs from other
systems providers by partnering with their clients to deliver a
Comprehensive Needs Analysis,
Customized Business Solutions,
Unsurpassed Implementation Services,
Performance Analysis, and
On-Going Maintenance Service &
Support. |
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| North Shore™ Features: |
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North Shore for Multifamily Lending |
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Workflow Automation |
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Pipeline Tracking |
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Broker Interface |
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Sizing/Loan Options |
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Quote/Application Tracking |
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Business Rules/Exceptions |
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Integrated Underwriting |
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Cash Collections |
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Borrower Relationship |
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Credit Bureau Download |
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Fee & Expense Tracking |
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Property/Unit Mix |
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Tenancy Details |
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Site Issues/Improvements |
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Site Inspection/Appraisal |
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Sales Comps |
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Management Firm |
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Environmental |
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Engineering |
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Future Commitments |
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Loan Approval |
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Closing Checklist |
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Management Reports |
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Doc/Letter Generation |
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Servicing System Interface |
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| For Portfolio, Mortgage Bankers, CMBS,
Conduit, Multifamily, & Brokers: |
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NSS provides a proven enterprise lending system that
is used by a variety of CRE lenders
The North Shore™ system is the most seasoned loan processing system on
the market today. The system has been utilized to process over $80
Billion and close over $10 Billion of commercial mortgages of all types,
from origination to funding. |
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North Shore™ aggregates all your loan information for
Deal Management and Workflow Automation
The North Shore™ database aggregates all of your company's information,
on everything from Borrowers, underwriting information, properties,
pictures, site plan, maps, vendors, brokers, etc. into one central
repository. The Lenders Desktop and Deal Dashboard helps manage
everyone's workflow and provides instant deal status information. It's
easily tailored to conform to the lender's unique processes while
capturing data to produce key reports and documents at each stage. |
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North Shore™ provides the ability to efficiently
collaborate with all parties involved in the transaction
The North Shore™ system allows for all parties to collaborate and share
information on a loan transaction, no matter where they are located
using web-based eLinks. This could include remote field offices,
Correspondents, Vendors, Borrowers and Agencies. |
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North Shore™ provides the ability to
efficiently collaborate with all parties involved in the transaction
The North Shore™ system allows for all parties to collaborate and share
information on a loan transaction, no matter where they are located
using web-based eLinks. This could include remote field offices,
Correspondents, Vendors, Borrowers and Agencies. |
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North Shore™ enables lenders to migrate away from
excel spreadsheets for underwriting
The North Shore™ platform provides the ability to either integrate
existing excel-based underwriting spreadsheets or replace them with the
system's own underwriting capability - SmartFlow. When underwriting in
the North Shore system, all information goes directly into the database.
Loan programs can be run side-by-side to find the best execution.
Standardization of underwriting can be implemented. Furthermore, there
are no spreadsheets to keep track of, no integration issues, and no
questions about the integrity of the data. |
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North Shore™ generates all documents, forms, and
reports
The systems IntelliDocs module integrates with Microsoft Word for all
document generation. Company-wide letter templates can be accessed, used
and modified for increased efficiencies. All correspondence is kept in
the loan's electronic filing cabinet. Closing documents can be also be
generated for collaboration with the lender's legal representation.. All
documents generated and files sent by others are stored in the system's
eFile Cabinet. |
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North Shore™ can be integrated with other systems
Using the system's X-Integrator, it can pass data to and from the
lender's servicing systems, accounting systems or any other information
system. |
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North Shore™ facilitates a streamlined
and well-coordinated Closing process
QuickClose makes it easy to collaborate with closing parties while
ordering reports, using a checklist, tracking to-do's and expirations …
even tracking escrow accounts and generating closing statements.. |
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North Shore™ captures extensive information for
rating agencies and investors
The North Shore™ system's extensive and comprehensive database captures
property, borrower, financial, cash flow and deal structure information,
which can be extracted and analyzed a variety of ways using the FlexPool
tool. |
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North Shore™ accommodates the CMSA Investor Reporting
Package Loan Set-up file
The North Shore™ system makes generating the IRP Loan Set-up file as
easy as 1-2-3. Information can be accessed on screens, reports, or on
tape, making the distribution of pool specific information to various
parties effortless. |
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North Shore Systems provides consulting and
implementation services for a
Total Solution. |
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The North Shore Systems team provides services to help you determine the best technology solution for your organization. We can help you weigh the various merits of Enterprise vs. ASP or Licensed vs. Proprietary (In-house) systems. |
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