Company Research Report: Rockport
Company Overview
Name and Mission
Company Name: Rockport
Mission: To provide mission-critical commercial real estate systems to the top financial institutions in the world. Integrity and trust are the core values around which Rockport builds its business.
Founding and Founder
Founded: 2002
Founder: Rick Trepp, who has a storied 40+ years career in the commercial real estate (CRE) industry and has founded five successful companies.
Key People
Founder and Visionary Leader: Rick Trepp
Headquarters
Location: 505 Fifth Avenue, New York, NY 10017
Number of Employees
No information is available
Revenue
No information is available
Company Expertise
Rockport is known for combining Commercial Real Estate acumen with technology excellence to deliver highly effective digital solutions.
Number of Clients: 200+
System Uptime: 99.999%
Annual Product R&D: $11+ Million
Closed Loan AUM: $1.5 Trillion
Data Points Tracked: 1 Billion+
Products
Overview
Rockport offers a suite of products that span the entire lifecycle of Commercial Real Estate (CRE) development and management. These products include Rockport CORE, VAL, ACT, AG, and ENGINE.
Detailed Description of Products
1. Rockport CORE
Description: An enterprise-level platform that enables CRE lenders, B Piece Buyers, and Rating Agencies to manage their lending and asset management businesses from origination to REO.
Key Features:
- Pipeline management
- Origination and Underwriting
- Securitization
- Asset Management
- Accounting & Servicing (interconnected with Rockport ACT)
2. Rockport VAL
Description: The future of commercial real estate cash flow modeling and valuation with a user-friendly and powerful interface.
Key Features:
- Cloud-based cash flow modeling and valuation
- Unlimited sensitivities and scenarios
- Integration with Excel
- Support for all property types including Hospitality/Lodging
3. Rockport ACT
Description: A complex and detailed Accounting & Servicing system for all types of CRE loans.
Key Features:
- Supports GAAP, STAT, IFRS, TAX, MGMT, PGAAP basis
- Full audit trail
- Handles complex data structures
- Integrated general ledger interfaces
4. Rockport AG
Description: An Ag-centric accounting and servicing system tailored specifically for agricultural lending needs.
Key Features:
- Automated Farmer Mac reporting
- Flexible payment processing
- Comprehensive collateral management
- Different payment types (Amortizing, Modified DOP, etc.)
5. Rockport ENGINE
Description: A powerful calc engine made available directly through RESTful APIs for system/platform/data integrations.
Key Features:
- Highly configurable
- Accessible by integrating internal systems or Excel models
- Based on modern cloud-native architecture
Recent Developments
Recent Achievements
- 2020: TreppPort was acquired by Rockport
- 2021: Rockport adds its 100th active client
- 2022: Rockport adds its 200th active client
- 2023: Major banks select Rockport VAL as their exclusive tool for DCF Valuations
New Product Launches and Innovations
- Rockport VAL: Introduction of Hospitality/Lodging capabilities
- Rockport Calc Engine: Now available through RESTful APIs to integrate with internal systems or Excel models
New Features
No information is available
Partnerships
No information is available
Key Testimonials:
1. Nancy Atwell | Multifamily Chief Operating Officer, Fannie Mae:
- Rockport is a terrific partner blending CRE acumen with technology.
2. Joan Uzdavinis | Vice President, John Hancock Manulife:
- Rockport provides excellent client service and is considered a partner.
3. Kevin Miller | Chief Credit Officer, Plum Lending:
- VAL has become integral to underwriting due to seamless integration with the cloud-based platform.
Overall, Rockport continues to innovate its products to serve the CRE industry efficiently, backed by a history of reliability and client trust.
