Fannie to Use CapitalThinking's DMS

CapitalThinking, a New York-based application software company, has inked a deal with Fannie Mae under which the latter will use the company's Deal Management Software as the core processing engine for its multibillion-dollar, low income housing equity investments.Fannie Mae is the largest purchaser of low-income housing tax credits in the country, typically through a nationwide network of approved syndicators. Fannie will use the platform to provide a seamless electronic flow of transactional data and documentation from syndicators through the Fannie Mae LIHTC acquisition approval chain. A Web-based software platform, DMS supports a wide range of financial asset underwriting and management activities. The development work required to support Fannie's $6.5 billion LIHTC equity program began last month. CapitalThinking says Phase I will be released in the second quarter of 2003. CapitalThinking can be found online at http://www.capitalthinking.com.