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What is Street Solutions, Inc.?
Street Solutions, Inc. offers a comprehensive SaaS platform designed for participants in the secondary loan market. The platform enables efficient financing, purchasing, management, and selling of residential whole loans. It supports various functions including loan acquisition, portfolio monitoring, loan accounting, and warehouse lending, all integrated into a streamlined, automated system.
The solution includes features such as monitoring loan pipelines, handling third-party reviews, and facilitating funding and settlement. It ensures data accuracy with daily updates, forecasts remittance payments, and normalizes data across multiple servicers for consistent reporting. Users can also model warehouse lending lines, generate bid tapes for sales or securitizations, and clean data tapes before boarding loans to servicing platforms.
Features
- Loan Acquisition: Efficiently finance, purchase, and sell residential whole loans with automated pipeline monitoring and third-party review handling
- Portfolio Monitoring: Ensure daily data accuracy, forecast remittance payments, and normalize data across multiple servicers for consistent reporting
- Loan Accounting: Maintain custom charts of accounts, generate loan-level journal entries, and track daily loan P&L from interest accrual and amortization
- Warehouse Lending: Streamline lending by modeling lines according to MRAs, including pricing buckets and eligibility rules, with borrower portals
- Loan Boarding: Clean and validate data tapes from prior servicers before boarding loans to downstream platforms
- WL Sale & Securitization: Source loans using pre-defined or ad hoc criteria and generate bid tapes for intuitive auction processes
Use Cases
- Financing residential whole loans in secondary markets
- Purchasing and selling loans through automated systems
- Monitoring loan portfolios with daily data updates and forecasting
- Managing loan accounting with custom charts and journal entries
- Streamlining warehouse lending operations with borrower portals
- Boarding loans to servicing platforms after data validation
- Securitizing loans using bid tapes and auction processes
