Commercial Real Estate Solutions
NewCon is Technology Services Partner of Starwood Property Trust, a commercial real-estate investment fund managed by Starwood Capital Group. Starwood is a privately held global investment firm with $32 Billion in transactions and $19 Billion in assets under management.
Commercial Mortgage Platform is core enterprise solution to manage commercial real-estate loan servicing and accounting. Solution enables SPT meet compliance/audit requirements, automation and workflow to support an expanding multi-billion dollar portfolio.
Key Business Functions
NewCon is instrumental in platform selection, strategic planning and delivering a roadmap to Starwood. We transformed the excel based manually managed spreadsheets into a commercial real-estate loan servicing platform. The platform enabled SPT to reduce costs by eliminating manual ledgers, account reconciliation and time to report the quarterly results. Improved accuracy met the regulatory auditing requirements helped improving the risk metrics at NYSE.
- Commercial Loan Servicing
- Commercial Loan Default Management
- Integration with Origination, fulfillment and post closing
- Reporting and metrics
The commercial real estate platform is developed on top of NewCon’s proprietary platform services framework – RealBPM. RealBPM is geared to become an integrated rules, workflow, UI, data and document management platform with modern integration technologies