Rockport and Trepp Announce Alliance
January 4, 2008
Trepp LLC ("Trepp") and The Rockport Group ("Rockport"), today announced their alliance which will provide the commercial mortgage market with a powerful set of end-to-end products previously unavailable.
Trepp is the leading provider of CMBS and commercial mortgage information, analytics and technology to the global securities and investment management industries. The extensive analytical and risk management tools offered by Trepp include the ability to run custom stressed scenarios, analyze pooled credit risk and to compare loans against the universe of 100,000+ securitized loans which support over $800 billion in securities. Trepp's "capital market quality" data provides a powerful ability to monitor and analyze all market trends at both loan and property levels.
Rockport delivers an enterprise web-based platform which major institutions use for loan origination, underwriting and securitization. Rockport's extensive out-of-the-box platform includes the ability to customize to client needs and a robust integrated Excel Underwriting Model which is unique in the market.
Trepp and Rockport's collaboration will provide mutual clients with an end-to-end solution. Institutions utilizing Trepp's market data and Rockport's internal data platform will be able to analyze their loans against the 100,000+ loans currently in the marketplace.
Will Trepp, Managing Director of Rockport was quoted as saying, "We at Rockport are proud to partner with Trepp LLC and their tradition of data and analytic excellence."
He then continued, "With Rockport and Trepp partnering together a level of analytical sophistication previously unavailable will become common place"
Andrew Leibman, Senior Vice President at Trepp continued, "Rockport has created and established an impressive platform for loan origination, underwriting and securitization. We thought that it was important to work together especially in light of current market conditions. We are confident that this alliance will help our joint clients better understand their credit risk and create more data transparency".
Rockport delivers a web based platform for all a client's loan origination, underwriting and securitization needs. With more than a dozen institutional clients across four continents and tools including a powerful integrated Excel Underwriting Model, Rockport is quickly solidifying itself as the leader in its field.
Trepp, LLC is the leading provider of commercial real estate finance information, analytics and technology to the securities and investment management industry. Its extensive deal coverage includes North American, European and Asian CMBS as well as Commercial Real Estate backed CDOs. The industry's largest broker dealers, originators, commercial banks and institutional investors rely on Trepp's suite of products for trading, risk management, and surveillance. Headquartered in New York City with offices and representation in London and Shanghai, Trepp's expanding global product reach continues to increase information transparency and provide best-in-class solutions to over 400 clients worldwide.
Source: Press Release