FUEL inks deal to integrate with CJC Technologies’ CLOSERTM platform

The next-generation asset valuation and forecasting platform, FUEL Valuation, has recently announced that the company is entering into an integration partnership with CLOSERTM platform from CJC Technologies, for asset management and loan origination.

Apparently, this integration would offer CLOSERTM subscribers automated integration of real-time functionality from FUEL Valuation, which would enhance risk modeling capabilities, asset management and loan underwriting. A news release issued by FUEL suggests that providing access to data in real time has come up to be the gold standard for commercial mortgage origination and valuation.

The company said only few of the software platforms seem to offer streamlined data collaboration and integration with related platforms. Along with the advantages of integrating the powerful cash flow engine from FUEL Valuation, CLOSERTM subscribers would now be having real-time cash flow valuation and modelling capabilities, which are fully integrated into underwriting as well as other core lending activities.

Christopher W. Perry III, Chief Executive Officer of FUEL, mentioned that integrating the technology platform of FUEL Valuation with various stakeholders in commercial real estate debt and equity markets is key to the strategy of the company. Perry said CLOSERTM subscribers would be capable of underwriting transactions more quickly, through this partnership, with real-time data as well as with modeling capabilities which none other provider offers.

President of CJC Technologies, Brett Williams, said in a statement that the company has witnessed augmented demand across its client segment for the integration with various software providers. The management team of FUEL Valuation was proactive in working with the developers of CJC Technologies for building a data transfer, that notably reduces manual data entry, he added.

Williams further said that the company is providing access to property financial modeling and data features, with the FUEL Valuation integration, which were earlier locked in files on some cash flow modeling applications and/or hard drives.

Both lenders and borrowers benefit from this software providers collaboration, and CJC Technologies expects several more integration partnerships throughout the debt life cycle, Williams added.