TheMReport — News and strategies for the evolving mortgage marketplace.
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local edition s e c on da r y m a r k e t a na ly t ic s se r v ic i ng Or ig i nat ion SECONDARY MARKET MCM Launches Tool to Fuel Efficiency Company says that new system will help it search for specific details. CALIFORNIA // In San Diego, Mortgage Capital Management (MCM) announced it is now offering an automated report system designed to track and report loan processing times to help banks identify their highestperforming entities. According to a company release, reports can be produced for specific time periods to break down processing time by source, branch, and loan officer, allowing companies to see their highest-performing branches and loan officers as well as identify areas needing to improve efficiency and performance. MCM's timeline analysis effectively parses the loan 78 | The M Report process to identify the number of days loans take to move from one processing stage to the next. The report breaks down the data by product type and provides analysis information including number of extensions, extension period, and percentage of fallout experienced over the time frame. It also calculates the average final lock period versus the original lock period. "Useful information about the processing time can be gleaned from these reports," said Dean Brown, CEO of MCM. "Time is money and extended processing time affects the company's bottom line. With these reports, our clients can see where improvements need to be made before significant damage is done to the company's profits." The timeline analysis is part of the MCM Risk Management System, a Web-based program that accurately defines and measures risk on a loan level and trade level basis as well as by loan status and many other factors. Sabal Financial Group Expands CMBS Business Latest venture positions company to increase loan underwriting and other transactions. CALIFORNIA // Sabal Financial Group announced the expansion of its commercial mortgagebacked securities (CMBS) business with the launch of Sabal Commercial Advisors. The newly launched platform leverages Sabal's existing CMBS loan underwriting and due diligence platform to provide investors and originators with a single-source solution for transaction support services. "Sabal's real estate and finance expertise lends unique advantages to our Sabal Commercial Advisors CMBS business as we provide these services to our clients," said R. Patterson Jackson, CEO of the California-based company. "Our team's extensive CMBS underwriting and deep regional real estate market knowledge competitively positions us for success as the CMBS market rebounds." Sabal's CMBS expertise includes cash-flow analysis, thirdparty report reviews, lease analysis, lease abstracting, and rent roll verification, among others. The new business will be led by an experienced CMBS team that includes Ned Smith, business development manager overseeing business and relationship management. In addition, Sarah Suther will serve as due diligence and operations manager, Sabal announced.