Cohen Financial Outsources Platform To Midland System

Posted by Orb Staff on October 17, 2007 No Comments
Categories : Commercial Mortgage

Cohen Financial LP, a national real estate capital services firm, has outsourced the technology platform for its entire $5.2 billion portfolio of over 800 commercial mortgage loans to the Enterprise! loan management system owned by Midland Loan Services, Inc.

In addition to providing Cohen with the Enterprise! technology platform, Midland will perform a number of back-office servicing activities, including payment processing, bank account reconciliations, real estate tax escrow and UCC administration. Cohen will retain responsibility for customer service, loan, insurance and credit administration, asset management and special servicing activities.

According to Midland, Enterprise! is designed to improve the efficiency and capacity of commercial loan servicing operations by integrating loan accounting, servicing, asset management, borrower customer service and investor reporting into a single system.

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