I just returned from New Orleans, where we exhibited at the National Council of State Housing Agencies (NCSHA) annual conference.
Our Backshop product is used by MassHousing for loan origination and post-closing loan and bond management. We want to expand our footprint to other state agencies, so I thought “Why not? Let me see how things are going at NCSHA.”
The quality of the programming was impressive. I learned about the various strategies the agencies use to promote affordable housing—including single family, multifamily, debt and equity.
I also learned that most of the state housing agencies are not actually state agencies, but rather private companies that partner with states to advance the states’ affordable housing goals.
The agencies manage the bond issuance then lend the proceeds out at a higher spread, earning profits they use to fund their operations. My favorite line was:
“Using Spread Profit for Good”
We are proud to be supporting those agencies with modern, unified technology.
Later this week, we are hosting our annual user conference in San Francisco. For the first time Closer clients are joining Backshop clients for three days of networking and learning from each other.
This is when we assess our development from last year and get priorities for next year. These events are always amazing. Stay tuned for a report.
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About CMBS.com
Founded in 2000, CMBS.com provides tools for every CRE need.
- Backshop is a completely online life-of-the loan product for all loan types.
- Closer is a hybrid (work online, Excel, or Word) origination engine optimized for CMBS and GSE.
- CMBS Pro is an SaaS solution that brings the power of Backshop to smaller owners and borrowers.
- CMBS.com is also an authorized third-party data provider to the CMBS industry.
Jim Flaherty
Founder & CEO, CMBS.com
jim@cmbs.com
