Princeton Financial Systems, provider of portfolio accounting solutions for global institutional investors, and THE ROCKPORT GROUP, provider of software and services for the commercial real estate industry, have entered into a strategic alliance. Through this partnership, Princeton Financial Systems will offer THE ROCKPORT SYSTEM to complement its PAM for Mortgages system. The Rockport System is a fully web-accessed Commercial Real Estate Loan Origination, Credit and Risk Management Platform for commercial mortgage lenders, buyers, and asset managers. The value proposition of the system is that it combines the power of a relational database with the flexibility of Excel.
“The basis of this alliance is a win-win scenario in which Princeton Financial and THE ROCKPORT GROUP together strengthen their product offerings, while providing our customers the benefits of a proven front office origination and portfolio risk system,” says, Joseph Daddario, Senior Managing Director, Strategic Solutions and Real Estate for Princeton.
“I have always had great respect for Princeton Financial and its products, which, like Rockport, provides best in class service. Our strategic partnership provides an end to end software solution which will give our mutual clients a competitive edge,” says, William Trepp, Managing Dir