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Outsourced, Standardized & Improved CRE Underwriting for an Investment Bank to Execute Faster, Lower-Cost Loans
• Underwrote nearly $2 billion in CMBS loans between 2017 and 2019
• Sized an average of 150 CMBS loans per month
• Supported the investment bank's three U.S. origination offices
• Client expanded relationship with SitusAMC to include appraisal reviews
• Sized an average of 150 CMBS loans per month
• Supported the investment bank's three U.S. origination offices
• Client expanded relationship with SitusAMC to include appraisal reviews
THE OPPORTUNITY
A major investment bank wanted to establish a more flexible solution for underwriting commercial real estate loans intended to be sold into the commercial mortgage-backed securities (CMBS) market. The bank wanted to improve the accuracy and quality of loan packages and minimize overhead.
OUR APPROACH
SitusAMC provided a team of professionals who quickly integrated with the client’s proprietary platform and technology tools, supporting originations, building a good rapport with internal leadership, and producing high-quality, accurate reports that gained the bank’s confidence.
CLIENT OUTCOME
In the first 30 months of the assignment, SitusAMC underwrote nearly $2 billion in CRE loans for CMBS, and sized ~150 loans per month. The success of the partnership led the investment bank to expand its relationship with SitusAMC to include valuation services, providing independent, third-party reviews of property appraisals.