Prudential Selects McCracken Software
McCracken Financial Software has announced that Prudential Mortgage Capital Co. has selected the firm's "Strategy" servicing software to manage its commercial loan portfolio.
McCracken said that Prudential, like a majority of other firms that have recently chosen the software, will use the software on an application service provider basis.
Prudential will use Strategy to service a portfolio of about 6,000 commercial loans.
McCracken has been helping commercial mortgage lenders, servicers and investors use technology to improve operations for two decades.
The company provides loan servicing solutions for more than $500 billion in loans worldwide.
More than 80% of all commercial mortgage-backed securities and 70% of Fannie Mae and Freddie Mac multifamily loans are serviced using McCracken solutions.
Copyright 2003 Thomson Media Inc. All Rights Reserved. http://www.thomsonmedia.com http://www.mortgageservicingnews.com