New software platform aimed at whole loan managers

ELMS facilitates due diligence, extraction of data for modeling

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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. "ELMS is an innovative solution in the residential whole loan field that streamlines and organizes loan information for institutions and funds."  said Barbara Chell, ELM Systems' director of product development. "The improved transparency, risk mitigation and portfolio tracking features makes the platform very unique in the industry." ...