Solving the Post-Close Challenge with Intelligent Automation

Join our upcoming webinar as SoftWorks AI CEO and Avanze CEO explore the advances in tech that allow for greater levels of automation and cost reduction, especially in support of post-close and pre-fund review.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

The 100-years-war over real estate commissions

HousingWire plunges down the rabbit hole of residential real estate commissions, uncovering the past, present and future of this wholly unique part of the economy.

Real estate agents and LOs: the great collaboration

We spoke with Propertybase CEO Vance Loiselle about real estate tech and how the past year has accelerated the need for digital collaboration tools across the entire customer journey.

Awards

2020 HW Tech100 Mortgage winner: Common Securitization Solutions by Fannie Mae and Freddie Mac

Increasing secondary mortgage market liquidity

The CSS Common Securitization Platform helps increase secondary mortgage market liquidity through the uniform mortgage-backed security by functioning as one common, flexible technological and operational platform to store, process and transmit the large volume of data required to administer 1 million securities representing $4.8 trillion unpaid principal balance. As the agent for issuance of Freddie Mac and Fannie Mae single-family mortgage-backed securities, CSS built and operates the CSP for release of related loan and security-level disclosures, and ongoing administration of mortgage securities. The CSP consists of five modules: Data Acceptance, Issuance Support, Bond Administration, Tax and Disclosure.

  • Through the CSP, CSS has administered between $125 billion and $175 billion of monthly issuance volume and direct payments on securities.
  • Tradeweb reports MBS volumes on its trading platform alone are up a significant 28.6% year-to-date.
  • Since the start of forward trading in March 2019, more than $18 trillion in UPB of securities have traded, making the combined TBA market second only to the market for U.S. Treasuries in size and liquidity.

www.commonsecuritization.com

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3d rendering of a row of luxury townhouses along a street

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