New software platform aimed at whole loan managers

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Citing a lack of flexible technology in a niche space, software developer ELM Systems LLC today announced a new Enterprise Loan Management System (ELMS) aimed at helping institutions and funds holding and managing residential mortgage whole loans manage loan inventories from bid through disposition, sale or liquidation.

ELMS facilitates loan loading, due diligence and servicing updates on loans, and allows for the extraction of data for modeling purposes.