PAM for Mortgages - A competitive Advantage

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2 Accurate, Intuitive and Innovative by Nature. Global by Design. Multi-currency, multi-basis accounting, management and servicing solutions robust enough to meet the most complex requirements of the commercial mortgage market.

3 PAM for Mortgages from Princeton Financial Systems Multi-Currency, Multi-Basis Solutions Unmatched in the Industry As an institutional commercial mortgage professional you need accurate and decisionready data at your fingertips. You want a scalable system that s easy to navigate and requires the fewest keystrokes but is sophisticated enough to handle the most complex of functions -- no matter what type of currency, financial instrument, investment strategy, accounting function or regulatory processing environment. No matter where you are -- North America, South America, Europe, Asia or another part of the world.

4 PAM for Mortgages is specialized, international multi-currency, multi-basis software that automates and streamlines the accounting, management and servicing of commercial mortgage assets held by institutional investors. PAM for Mortgages is the system of choice for small, dynamic firms to large multinational enterprises around the globe. Insurance companies, pension funds, asset management companies, banks and many other financial enterprises choose PAM for Mortgages for its unsurpassed capabilities to manage and streamline every aspect of commercial mortgage deal structures. PAM for Mortgages can help your company: Maintain critical accounting records Track adherence to regulatory and covenant compliance Work with multiple currencies Manage complex financial instruments Meet and process global tax and regulatory requirements Process and report in multiple bases Control and manage risk and volatility; spot exposure Manage entire loan lifecycles Streamline loan originations and servicing Account for complex deal structures such as adjustables, tiered loans, restructuring agreements and multiple investors Securitize commercial mortgage-backed securities and monitor and service underlying collateral

5 Finance professionals also choose PAM for Mortgages for its robust architecture, scalability, myriad deployment options and unparalleled support and client service. Robust Architecture At the core of PAM for Mortgages is a powerful robust architecture providing financial professionals with a full spectrum of accounting, management and servicing solutions that simplify, streamline and execute the complex procedures integral to the global commercial mortgage market. Proven Scalability As a global provider of financial services technology PFS understands the importance of staying ahead of the curve. That is why our systems are built for optimal scalability in order to accommodate the rapid rate of change and rigorous standards of the mortgage industry. Deployment Options The PAM for Mortgages platform can be delivered via the deployment option of your choice. For instance, we can meet the stringent requirements of our financial services clientele by providing customized, in-house solutions at your location or via a Software-as-a-Service web-based system. Whatever you choose, you can be certain your mission-critical systems will operate under the most demanding of business environments. Unparalleled Support and Client Service Princeton Financial Systems believes that servicing clients is just as important as the systems we build. Customized on-site training, follow-up training, continuing education, client conferences and user meetings help clients leverage the maximum potential from PAM for Mortgages. What s more, our tested and sound disaster recovery and business recovery ensures 24/7 operation, providing you with the peace of mind only a leader in the industry could provide. Distinguished Reputation Princeton Financial Systems reputation has been built on decades of success. Our team of experts deliver optimal results by keeping a constant pulse on the mortgage and financial markets through up-to-theminute research and application of ever-changing international accounting, finance, tax and regulatory changes. In fact, the longevity of our client relationships is a testament to the talent of our professionals and has made us a leader in international systems. As experts in technology and research, we ve serviced some of the most highly respected companies around the globe. Our trusted solutions and support consistently rank as the finest in the industry -- before, during and well after implementation. As innovators of new and sophisticated technology Princeton Financial Systems professionals work hard to ensure that valued clients like you meet current and future business goals and remain leagues ahead of the competition. We earn our excellent reputation one system at a time.

6 In today s complex commercial mortgage market where increased regulatory scrutiny, changing global accounting standards and complex structured deals involving multiple and/or local currencies are the norm, the right system is a true key to success. PAM for Mortgages was developed precisely with the sophisticated analytics and advanced technology required to improve the quality of your portfolio management, accounting, and/or servicing while maximizing operational efficiency. Whether your objectives are broad-based or are strictly defined to the commercial mortgage industry, Princeton Financial Systems can provide the requisite solutions to meet your needs. Broad-based solutions: Enhancing your technology applications across various processes to achieve greater efficiency Offsetting the ongoing risks presented by an extremely complex and growing portfolio Functioning more efficiently on a global basis Ensuring more proactive portfolio management Responding faster to key industry issues Implementing a system with a higher level of automation Streamlining interfaces with third parties Increasing processing power and minimize manual intervention Commercial mortgage solutions: Improving data integrity Handling more esoteric loans Meeting regulatory requirements in multiple jurisdictions Improving CMBS surveillance Expanding local or international tax accounting or reporting functions Precisely monitoring credit exposure or generate more accurate risk analyses Enhancing servicing processes and systems to ensure CMSA reporting compliance Adding a web accessed origination and portfolio risk system

7 Whatever your requirements, you ll find PAM for Mortgages an institutional mortgage accounting, servicing and management system robust enough to meet the most complex requirements of the commercial mortgage market.

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9 Accounting Complete accounting multi-currency functionality across multiple bases Complete FX processing functionality Multidimensional accounting methodologies Securitization Participant-level accounting includes accrual of discounts and amortization of premiums for each accounting basis Incorporates investor transfers, loan securitization and restructure schedules Allows assets to be allocated to lines of business or business segments Full compliance with regulatory bodies such as NAIC, FASB and others Utilizes multiple user-defined charts of accounts for fully integrated general ledger reporting Accommodates all loan accounting activity with complete transaction functionality Servicing Covers lockbox, ACH processing and electronic correspondent posting as well as variable rates and payment terms Unlimited escrow, reserve and holdback items Complete escrow processing, including up-to-the-minute escrow analysis reports

10 Reporting Generate custom reporting solutions tailored to exact business needs Control and manage reports to cater to multiple reporting levels from industry specific to executive to operational Full compliance with regulatory bodies such as NAIC, FASB and others Handle industry-specific reports such as GAAP, FASB 114/118 and FASB 107 Create Schedule B, risk-based capital, AVR and IMR reports Produce IRS 1098, 1099-INT, 1099-A and 1099-C reports Collateral Tracking Maintain and analyze operating statements retrospectively Monitor UCC filings. Display detailed or summarized inspection reports Provide lease information and tenant exposure. Track cross-collateralized properties

11 Tiered-Loan Processing Easily account for, manage and service tiered loans Set up these multiple fundings, i.e. tiers, of different principal amounts, terms and rates for single loans Commitments/Originations Handle complete commitments/originations more efficiently Create customized checklists for mortgage and legal documents and other requirements Track deals from pipeline through loan origination. Fund commitments electronically Record commitment fees and expenses Monitor active and expired commitments Third-Party Interfaces Complete flexibility to interface with a myriad of third parties Easily interfaces electronically to external systems such as general ledger systems, analytic packages, asset/liability matching systems, rating agencies, correspondents and banks

12 Web-Based Executive Information Investment executives and other decision makers can retrieve current information such as online queries, data views and reports Blotters Provide certain limited loan information to third parties such as correspondents, analysts and investors for accounting or reporting purposes Confidential data remains protected Document archival Link scanned or electronically-transferred documents such as spreadsheets, photos of properties, leases, appraisals and inspection reports to the collateral information stored in the system Matrix pricing Allow institutional investors to update values for yield curve points and process to get updated prices Software Developers Kit (SDK) Customize PAM for Mortgages to virtually limitless proportions. Create unlimited interfaces, custom reports and screens, add and update information

13 At Princeton Financial Systems, we have answers to other solutions as well. From real estate to bank loans to consulting and support, we ve got the resources to champion a successful future for your company. To learn more about PAM for Mortgages and the other capabilities of Princeton Financial Systems, us at info@pfs.com.

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15 About Princeton Financial Systems Princeton Financial Systems is a leading provider of portfolio management and accounting systems, investment compliance, data management, reporting and NAV reconciliation solutions for global institutional investors. PFS s investment management solutions are used worldwide by leading investment managers, custodians, insurance companies, mutual funds and unit trusts, pension funds, hedge funds, endowments, banks, and corporations. Our solutions reflect the vast expertise and resources we possess as a global organization. Princeton Financial is a wholly owned subsidiary of State Street Corporation, the world s leading provider of financial services to institutional investors. At Princeton Financial, we know that each investor s markets and needs are unique. We pride ourselves on the strength of our long-term business relationships and welcome the opportunity to work with you to create solutions that meet the business challenges of today and tomorrow.

16 Princeton Financial Systems is a member of the Commercial Mortgage Securities Association (CMSA), the Mortgage Bankers Association (MBA) and the Insurance Accounting & Systems Association (IASA) For more information, visit our website at by Princeton Financial Systems, LLC. All rights reserved. Specifications subject to change without notice.