19December 2019and time by automating the insurance compliance operation by allowing banks to upload, compare and monitor insurance documentation and compare them with risk requirements within seconds. In addition, McCracken's BuildRite helps companies with commercial construction loan management by providing total visibility of all construction loans in one central location, allowing each user to save upwards of 260 hours a year of manual work in spreadsheets. Apart from software, one of the key differentiators about McCracken Financial Solutions is the fact that its customer support is not outsourced owing to the criticality about the value of data in the real estate lending space, where it is vital to get immediate response and assistance to any issues that clients may face. They also have a team of consultants who all originate from the commercial real estate lending and servicing space that provide first-hand industry experience and knowledge for their customers.With its widespread clientele and innovative solutions, McCracken has built a longstanding reputation that has allowed them to retain customers for an average of 18 years. The company is now investing in emerging technologies like AI to explore opportunities and identify issues related to debt mortgages and lending. It is also exploring widening their client base by expanding its software functionality and enhancements for other industry verticals to deliver solutions to those beyond the commercial real estate world. We cater to 70 percent of the commercial real estate debt as monitored by the Mortgage Bankers Association, which includes banks,life insurance companies and quasi-government agenciesFrank McCracken
< Page 9 | Page 11 >