Situs | CJC Technologies Announces CLOSER Xchange

CJC Technologies Announces CLOSER Xchange

NEW YORK, Feb. 23, 2017  — CJC Technologies, a Situs Affiliate Business and creator of CLOSER, a leading commercial real estate loan underwriting, pipeline management, asset surveillance software platform for CMBS, Portfolio, and GSE lenders, announces their CLOSER Xchange initiative. CLOSER Xchange provides the foundation for common authentication for CLOSER users to participate in a platform designed to facilitate and simplify the exchange of data between participants in the CRE debt origination and asset management process. CLOSER Xchange provides tools to connect lenders, borrowers, third party vendors, loan servicers, and asset managers throughout the loan life cycle.

“The Xchange infrastructure is designed to dramatically simplify the sharing of data in the CRE origination and servicing ecosystem. It will minimize cost and time spent on data aggregation tasks, and facilitate mission critical risk analysis.” – Brett Williams, President of CJC Technologies

CJC has worked with select third-party vendors to develop data schemes that leverage CLOSER Xchange, while supporting the data security needs of its highly regulated client base. Given CLOSER’s dominant software market share supporting new CMBS, Portfolio, and GSE loan origination, CLOSER Xchange will support CJC’s mission of delivering solutions which allow clients to focus on deal making and distribution in a seamless technology environment. In the case of participating lenders and purchasers of debt, CLOSER Xchange shortens time to close and increases data accuracy through electronic transfer of crucial information.

“Our goals always revolve around solving real problems in the CRE space versus creating solutions looking for a problem to solve. We believe Xchange follows this philosophy and will help to create quantifiable efficiencies in this space,” says Kent Waltman, COO of CJC Technologies

Located in Nashville, TN and New York, NY, CJC is an established leader in commercial real estate lending software and support services since 2004. CJC customers represent the top lenders in CMBS, Portfolio, and GSE market segments. The CJC leadership team has over 60 years combined experience in the real estate finance industry and is actively involved in industry leadership organizations such as MISMO.

If you would like more information about this topic, please contact Kent Waltman at 615-326-1505 or email at kwaltman@cjcweb.com.