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Commercial: Criimi Mae Hopes Website Will Foster Growth in CMBS.(Brief Article)

Mortgage Servicing News

| September 01, 2001 | COPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Making a move towards Internet-based servicing, Criimi Mae Services, Criimi Mae's mortgage-servicing associate company, has launched a website (www.criimimaeservices.com) for participants in the commercial mortgage and Commercial Mortgage-Backed Securities (CMBS) servicing sector.

The site provides registered users with information on commercial mortgage assets in Criimi Mae's $20 billion servicing portfolio.

Brian Hanson, senior vice president, Criimi Mae Services, said, "Our experience in dozens of CMBS transactions points to the value of offering a user-friendly Internet site for commercial mortgage investors and servicers.

"The new site emphasizes security, ease-of-navigation and data compatibility with analytical programs. We are able to conform to the reporting format developed through the Commercial Mortgage Securitization Association (CMSA), which requires that data be easily downloaded for manipulation and analysis."

The website, built to support "unlimited growth in the mortgage and CMBS servicing portfolio" of Criimi Mae Services, provides reporting to CMBS investors in 26 CMBS transactions, according to Criimi Mae.

The site also provides links to CMBS trustees, rating agencies, mortgage servicers and industry associations.

Plans are afoot to add features that provide borrowers with access to their loan information later this year, Criimi Mae ...

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