Technology Development
Our Technology group creates innovative solutions for the mortage industry's toughest problems.
Overview
FirstKey maintains an experienced team of software engineers and business analysts to develop and deploy solutions for the complex mortgage trading, securitization and asset management businesses. FirstKey has developed leading solutions for both internal and external use including Harvest, a transformative document recognition, classification, and data extraction application and Cassidy, a whole loan trading and management system.
Harvest
Harvest addresses a key industry problem related to
large and disorganized loan files. The software can rapidly recognize, split, and index all pages in these files
producing a consistently organized loan package for review. Harvest also extracts critical data elements from
the documents generating a validation database. These outputs make the process of evaluating and underwriting
mortgage loan documentation significantly more efficient. Document deficiencies and data discrepancies are
quickly discovered and diligence exceptions more easily cleared.
Cassidy
Cassidy is FirstKey’s mortgage trading, securitization
and asset management system. It provides bid and trade management, population control, transaction management
and due diligence as well as closing/settlement, post settlement issue management and servicing transfer
oversight. Cassidy is also utilized by FirstKey’s Servicing Oversight Group to process and review servicer
monthly reports and remittances. Cassidy provides a robust and flexible asset management environment allowing
FirstKey to quickly pivot to new solutions and strategies.