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ARCap taps EnableUs LOS for commercial lending.

Billerica, Massachusetts-based EnableUs Inc.--formerly McCracken Financial Software--announced that ARCap REIT Inc., Irving, Texas, has chosen to implement the EnableUs[TM] CRE origination solution, DealCentral[TM], in support of its new commercial mortgage lending program.

ARCap launched its lending program in August 2005 as an additional business line to supplement its business as a long-term investor in high-yield commercial mortgage-backed securities (CMBS), according to Larry Duggins, ARCap REIT's president.

"We have spent the last several years developing a very strong base of real estate and risk-management expertise that will provide potential borrowers with quick and professional responses for even the most complex loan structures," said Duggins. "By coupling a front-end loan origination business with the existing ARCap primary servicing and B-piece investment infrastructure, borrowers are provided with a one-stop shopping experience."

ARCap, which already uses EnableUs' loan servicing software, Strategy[TM] will now also use the EnableUs origination solution to provide efficient support for the expected growth of its lending programs.

"As an existing EnableUs servicing-solution customer, ARCap gains the benefits of the integration throughout the entire loan cycle," said Enable Us President Noel Webster. 'ARCap can expect to experience an increase in efficiency thanks to standardized processes and the elimination of costly procedures such as manual data entry or re-entry."
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Title Annotation:Commercial
Publication:Mortgage Banking
Article Type:Brief article
Geographic Code:1USA
Date:Apr 1, 2006
Words:211
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