When Lewtan was founded in 1986 few technology solutions existed to support the securitization industry. The firm’s founder Stuart Lewtan started developing customized and off-the-shelf software solutions for companies involved in securitization and structured finance activities.
These pioneering efforts would lead to the development of the firm’s first product, the creation of a securitization-servicing platform designed specifically to handle the asset and liability nuances only months after the first ABS securitization took place in the U.S.
The securitization industry has changed a great deal since then, but Lewtan’s mission of providing full service securitization solutions and being the premier technology provider remain unchanged.
17.1 PIONEERS IN A FAST-GROWING INDUSTRY
From inception, Lewtan’s mission was to provide solutions to both investors and issuers in the securitization industry. With a deep expertise in these types of transactions, as well as knowledge of software development, Lewtan entered the market with a product called ABS System. This early product, which is still core to Lewtan’s product portfolio, automated the administration and reporting needs of a securitization transaction. It is a customized solution that integrates pool selection, loan and trust accounting, reconciliation, bond administration, and analytics.
Automation of processes such as calculations, reporting, accounting, and reconciliation proved invaluable as the ...