Countrywide Capital Markets, a division of Countrywide Financial Corporation, a US residential mortgage provider, has installed Misys Loan IQ to manage its commercial mortgage business. The solution, implemented earlier this year, offers Countrywide a single software platform to book, maintain and sell loan positions. Already widely known in the home mortgage market in the US, Countrywide established a commercial mortgage business, Countrywide Commercial Real Estate Finance, in 2004. It therefore needed a technology solution to underpin activity in this new business and support administration and accounting for loans and trades. Following a comprehensive review, the company selected Misys Loan IQ for its integrated loan administration and accounting functionality. Misys Loan IQ’s Mark to Market calculations and built-in accounting sub-ledgers provides Countrywide with a powerful solution that can manage and administer its commercial mortgage business and allow for growth into other commercial mortgage products if required.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.