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Hypo Real Estate Group was originally set up in 2003 by the spin-off of parts of the commercial real estate financing activities of the HVB Group. In this move, the German mortgage bank's equity participations as well as the international real estate financing activities of the HVB Group were transferred to Hypo Real Estate Group, where they were strategically refocused. Since that time, Hypo Real Estate Group has been operating completely independently of the HVB Group. All capital links have now been severed.
Portfolio information was being analyzed using Excel and multiple databases that lacked referential integrity. Getting a cohesive view of the data was extremely time and labor intensive. All data was stored as current data; one of the main challenges was providing the ability to print historic reports on demand for auditing purposes.
SGP created the Real Estate Deals System (REDS) which tracks billions of dollars of real estate loans from conception through repayment. Multifaceted reminder systems and on-demand reporting allow HVB to manage their portfolio in a fluid environment.
Risk Assets, loan to value ratios, margin statistics, derivative products, and market pricing trends are just a few details that can now be easily obtained by the click of a mouse. The portfolio can be viewed on a servicing subsidiary, section or branch level as well as by project type, product type, and geographic location. Standard reports include Watch list reports, Fed reports and Past Due reports. All reports can be run historically to easily comply with auditing requests. A custom query builder provides reporting flexibility.
