Backshop was incorporated in 2000 by real estate people, and it has since become the premier commercial loan origination software for participants in the Commercial Mortgage Backed Securities market.
Our major "break-through" was Web-based analytical tools that underwriters could use to run property and debt cash flows for all different types of commercial property. Lenders that implement Backshop remove most, if not all, Excel-based source documents, and they have 100% of their business normalized in a Web-accessed database. When that happens, efficiencies and satisfaction reign - a beautiful thing.
CMBS.com is using the Backshop engine, coupled with CMBS data acquired through acquisition and updated by the Trustees, to provide open, standardized underwriting tools and data for all participants in the CMBS market.
CMBS.com and Backshop are based in beautiful Sausalito, CA, where our staff enjoys the harbor and San Francisco Bay.