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Luther Burbank Savings Joins the North Shore Systems Family After a Year-Long Deliberation Process

June 24, 2015
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Luther Burbank Savings ends a year-long evaluation of commercial lending systems, crucial to their expansion into multifamily and owner-occupied income property, with its selection of North Shore systems for its LOS.

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North Shore Releases 10.0 Underwriting and Asset Management Enhancements

January 1, 2015
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North Shore Systems is pleased to announce the release of version 11 Loan Origination, Underwriting and Asset Management Models which includes new features and ease of use. Generate CREFC Excel models Easy sizing of loans directly from operating statements Interchangeable excel models which can easily import or export directly out of North Shore Updated Ad-Hoc…

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FREDDIE MAC GOES LIVE WITH NORTH SHORE ORIGINATION SOFTWARE Version 9.1

December 1, 2014
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As Freddie Mac continues to enhance its’ North Shore Systems powered Origination and Underwriting System, they Mac has gone live with version 9.1 of the software. These key enhancements developed by North Shore have provided the Freddie Mac Seller base population with processes that have allowed for gained efficiencies in the areas of: Loan Approval…

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North Shore Releases 8.5 C&I Underwriting Model

March 1, 2014
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Credit Analysis In-Depth Ratio Analysis Risk Rating (Setup your own criteria) Collateral Analysis Multi-Entity Consolidations Global Cash Flow Analysis RMA Industry Comparisons Financial Statements To support your credit analysis, North Shore provides actual, projected and interim statements. Unlimited Balance Sheets Unlimited Income Statements Statement of Owner Equity Statement of Cash Flows UCA Cash Flow Format…

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Downturn Recovery Requires A New Era In Automation

March 1, 2010
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Is now the time for the commercial mortgage industry to finally shed
its reputation as a technology laggard?

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Mortgage Orb Online NEWS: PERSON OF THE WEEK: Brian McCracken Talks Tech – By Jessica Lillian

October 6, 2009
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Can software help the commercial mortgage market through troubled times? Will the industry ever see a paperless loan life cycle? This week, MortgageOrb spoke with Brian McCracken, president and CEO of North Shore Systems, a provider of commercial real estate finance technical solutions. Q: What is the current status of the commercial mortgage industry’s slow…

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NORTH SHORE© CRE LOAN ORIGINATION SYSTEM IMPLEMENTED BY FREDDIE MAC’s MULTIFAMILY DIVISION

July 8, 2008
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(June 2008) – After choosing to implement the web-based commercial real estate lending software application from North Shore Systems (NSS), Freddie Mac’s Multifamily Lending Division based in McLean, Virginia, has successfully completed the first phase of their conversion to the North Shore’s lending system, which they will use to source thousands of multifamily loans a…

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Sovereign Bank’s National Commercial Real Estate Group Gains Benefits of Implementing North Shore Origination Software

January 1, 2007
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(January 2007) – After choosing the software application from North Shore Systems (NSS), Sovereign’s National Commercial Real Estate Group, based in Brooklyn, New York, recently completed their conversion to the NSS web-based commercial real estate lending system, which they will use to originate over $3.5 billion of Commercial Real Estate and Multifamily loans a year.…

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ABN/AMRO La Salle Bank Selects North Shore LOS

January 1, 2005
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After a long evaluation period, La Salle Bank has engaged North Shore Systems of Irvine, CA to implement a customized version of its commercial loan origination system across multiple lines of business in the U.S. LaSalle Bank Corporation (LBC), the parent company of LaSalle Bank NA (LBNA) and Standard Federal Bank (SFB), is the second…

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Five More Lenders Choose NORTH SHORE to automate Origination

January 25, 2004
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In its third year of marketing its state-of-the-art loan origination and portfolio analysis system, North Shore Systems has signed up five new customers over the past three months. Recently procuring the system was:Jackson Federal Bank, Brea, CALegg Mason Mortgage Corp, Baltimore, MDChurch Development Fund, Anaheim, CAJohnson Capital, Irvine, CANetwork Bank USA – Los Angeles, CA…

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