PNC signs with Bluewire as real estate finance ASP.CapitalThinking, Inc. announced today that PNC PNC Purdue University North Central (Westville, Indiana) PnC Point 'n Click PNC Police National Computer PNC People's National Congress (Guyana) PNC People's National Congress Real Estate Finance has become a client for Bluewire, CapitalThinking's ASP offering for commercial mortgages. PNC Real Estate Finance, a leading provider of financial products and services to the commercial real estate industry, plans to use Bluewire to enhance the efficiency of its commercial real estate loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. processing. "PNC Real Estate Finance has already made tremendous strides in integrating technology into its business, so using Bluewire to streamline our commercial real estate loan origination process is a natural fit," said Scott Bassin, senior vice president of PNC Real Estate Finance. "PNC Real Estate Finance has been a consistent leader in introducing new technologies to the industry," said Heather Shively, CapitalThinking Co-Founder & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We are proud that such a tech-savvy institution has recognized the value and sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of our Bluewire ASP offering. We look forward to helping PNC Real Estate Finance achieve enhanced efficiency in its commercial real estate loan origination processing, both internally and on behalf of its clients. And we are pleased with our strong momentum in the marketplace." Bluewire, a unique service dedicated to the commercial real estate industry, is a proprietary, Internet-based technology Refers to the communications infrastructure of the Internet, which is based on the IP protocol. IP is part of the TCP/IP protocol suite. It may also refer to voice over IP (VoIP), which uses the Internet to make telephone calls. See VoIP, IP and TCP/IP. platform for lenders and commercial mortgage banking firms, delivering increased efficiency, productivity and cost-savings throughout the commercial mortgage process. Bluewire is component-based software enabling (programming) software enabling - (Or "enabling") Modification of the design or implementation of software to allow internationalisation to take place. In particular, enabling may refer to the modification of software to support double-byte character sets, hence "Unicode clients to customize solutions according to their needs. Bluewire is capable of streamlining and automating key aspects of the entire loan process, from the origination and indicative quotation stage to packaging, data formatting, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , closing and securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. supporting the commercial real estate finance professional. CapitalThinking, Inc. is a technology company providing complete e-finance solutions, on an ASP basis, to the $1.5 trillion U.S. commercial real estate mortgage industry. By combining cutting-edge Internet technology with an unrivaled group of experienced real estate professionals, CapitalThinking brings unprecedented speed and efficiency to the commercial lending process. CapitalThinking was co-founded by its CEO Heather Shively and Chairman, Charles Ferguson, founder of Vermeer Technologies and creator of Microsoft FrontPage. Spearheaded by Dan Woods, former Chief Technology Officer of the TheStreet.com, CapitalThinking's 30-member technology team has developed its products in close collaboration with the company's real estate professionals. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion