Delta 360 MBS Module in Production
Posted by Bill Rudzitis
MARKHAM, ON, May 7, 2012
Delta 360’s LMS360 platform has recently processed its first MBS sale, including, electronic monthly reporting through Computershare. The module has been successfully used for whole loan sales in the past, but this is the first MBS sale using the LMS360 platform. The solution generates the standard CMHC NHA reporting, including, the CMHC 2834 (NHS MBS Information Circular), CMHC 2824 (Summary and Schedule of Pooled Mortgages), all CMHC 2824 Edit reports for electronic pool submission to Computershare (CPTA), CMHC 2830 (Schedule of Subscribers and Contractual Agreement), and the CMHC 2840 (Issuer’s Monthly Accounting Report).
“Securitization, and MBS processing, is the last piece of the mortgage lifecycle”, said Derek Cook, President Delta 360 Inc. “The LMS360 platform now seamlessly processes mortgage originations, including underwriting and advancing, through servicing, and securitization, of mortgages using whole loan, or MBS sales”. “Delta 360 customers no longer need to purchase a separate MBS system from another vendor, with the associated additional integration costs” added Mr. Cook. “We think our Securitization Module will be a welcome addition to the Canadian marketplace for lenders, as there has been limited options available to-date”.
For more information about Delta 360’s Securitization, and MBS, software module, please visit:
About Delta 360
Delta 360 Inc. is a Canadian based technology provider focused on delivering superior mortgage and lending software solutions to the Canadian financial industry. Delta 360 was founded in 2005, however, the leadership team has a proven track record in the Canadian Lending market in delivering on time and on budget since 1985.
Delta 360 engages in implementing software solutions for various banks, mortgage lenders and credit unions across Canada. The company specializes in combining work flow, scoring and document management technologies, with a robust and configurable loan servicing and underwriting platform. Our product set is parameter driven, and highly configurable, expediting the implementation and reducing the ongoing cost to support the solution.
In addition, it also provides a wide range of professional services, such as, consulting and custom solutions and IT strategies, infrastructure implementation, custom development, and project management.
For more information about Delta 360 Inc., visit www.delta360.com