Trepp Partners with SS&C Technologies to Improve Commercial Real Estate Modeling for SS&C EVOLV Clients | New
The partnership will allow customers of SS&C EVOLV and EVOLV EA to access Trepp CRE loss and Trepp Default Model Scorecard data.
NEW YORK, May 9, 2022 /PRNewswire-PRWeb/ — Trepp, a leading provider of data, information and technology solutions for the structured finance, commercial real estate and banking markets, today announced a partnership with SS&C Technologies. Trepp will integrate its loss scorecard data and Commercial Real Estate (CRE) Default Model (DM) into SS&C EVOLV, a comprehensive, cloud-based, end-to-end accounting solution for financial institutions.
Partnership gives SS&C EVOLV customers access to Trepp CRE loss models in the EVOLV platform for large banks and TreppDM dashboards in the SS&C EVOLV Enhanced Analytical (EVOLV EA) platform for community banks , credit unions and other lenders. SS&C EVOLV users can now access a comprehensive view of Trepp’s modeling and reference data.
“We are delighted to partner with SS&C EVOLV to provide an enhanced solution for banks looking to leverage industry standard CRE loss forecasting techniques using Trepp loss data and models via credit accounting software. first order,” said mike benz, Global Sales Manager. “The TreppDM Scorecard feature of the EVOLV and EVOLV EA platforms provides predicted Probability of Default (PD) and Loss Given Default (LGD) rates for different loan classes stratified by property type, region, loan type , loan to value (LTV), and debt service coverage ratio (DSCR) cohorts”.
“We are excited to work with Trepp and offer our customers the choice and convenience of using TreppDM with EVOLV and Trepp Scorecards with EVOLV EA for CECL reserve calculations,” said Christen Bremner, Senior Vice President and Managing Director, SS&C Institutional & Investment Management. “Combining Trepp data with SS&C EVOLV’s purpose-built CECL solutions, which leverage built-in macroeconomic models, best-in-class reporting and controls, enables users to predict potential defaults and losses quickly and reliably. precision.”
SS&C EVOLV is a comprehensive, cloud-based, end-to-end accounting and booking solution for financial institutions that integrates and automates all risk and funding processes related to a loan portfolio, from data capture to back-end reports and analytics. It is the only integrated risk and funding solution that offers the flexibility to adapt to new and evolving accounting standards.
To learn more about the integration, contact [email protected]
Trepp, founded in 1979, is the leading provider of data, information and technology solutions for the structured finance, commercial real estate and banking markets. Trepp provides primary and secondary market players with the solutions and analytics they need to increase operational efficiency, information transparency and investment performance. From its offices in New York, San Franciscoand London, Trepp offers its clients products and services to support trading, research, risk management, monitoring and portfolio management. Additionally, Trepp’s subsidiary, Commercial Real Estate Direct, is a daily news source covering the commercial real estate capital markets. Trepp is 100% owned by Daily Mail and General Trust (DMGT).
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the largest global enterprises to small and midsize enterprises, rely on SS&C for their expertise, scale and technology.
Hayley KeenTrepp, Inc., 2127541010, [email protected]
Julia D’Alessandro, SS&C Technologies, 800-234-0556, [email protected]