A relational database is used by bluewire to capture all deal data that, once entered, is available for the life of the deal and beyond. Its document assembly component enables complex documents including loan packages, credit committee reports and asset summaries to be created quickly, together with photographs, maps as well as a variety of market and demographic data.
New and improved features include a special toolkit for reporting designed for the securitization industry such as real-time portfolio exposure and pool construction and stratification tools; data and document versioning; interactive checklists for pipeline management and always-present "deal journal" notepad functionality.
The company also announced that it has acquired Tikon, a producer of LegalDocsNow!, from Titanium LLC. Terms were not disclosed. This Internet-based system is designed to automate the production of legal documents for real estate lenders and property owners.
Commenting on the deal, Heather Shively, co-founder and CEO of CapitalThinking, notes that, "Legal documentation and the management of those documents is a big point of cost and inefficiency in real estate transactions. The Tikon product is a best-in-class offering that fits extremely well with our current suite of products. This capability eliminates the disconnect that can take place between the business team and the legal team on a transaction."
Charles Altman, founder and president of Titanium, will join CapitalThinking in a consultative relationship to assist in integrating the two products.
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