CCR Magazine

Princeton Financial® Systems (PFS), a leading provider of accounting, compliance, data management, performance measurement and reporting solutions for the global investment industry, is pleased to announce that it has added PRCM Advisers, LLC, the external manager for Two Harbors Investment Corp., a newly formed Real Estate Investment Trust (REIT), to its client roster.

ePAM®, a Software as a Service (SaaS) offering, will provide investment accounting on a portfolio of residential mortgage backed securities and hedging strategies. The new accounting solution has been integrated with PRCM’s proprietary trading system and market data source.

After a thorough system evaluation and pilot phase, PRCM selected ePAM as the solution offered the best functional fit and a quick deployment. PRCM went live on the system in less than 12 weeks.

“We are very pleased to welcome PRCM Advisers to our client base. Investors in residential and commercial mortgage backed securities have consistently chosen ePAM over other products in response to the increased need to properly account for this complex asset class.  REIT’s, in particular, require specific functionality that ePAM performs well. We are very proud to have become an industry leader in this segment and look forward to working with the team at PRCM”, said Jim Russo, CEO of Princeton Financial Systems.
 

(Source - PFS Press Release)