ABOUT
From CMBS to CETSS
Pioneers in the Development of Commercial Mortgage-Backed Securities
Scott Smith and Jerry Verbeck pioneered commercial mortgage-backed securities on Wall Street, introducing derivatives as a means of making the securities viable. Their groundbreaking collaboration with DLJ in 1993, funded with a billion dollar line of credit, produced the world’s first mixed-property CMBS, which led to their insights into how structured finance can be used to improve returns for PE fund and REIT managers.
FinaTech was founded by Scott and Jerry to develop and patent the computation technology necessary to operate structured private equity funds and REITs. FinaTech's team first recognized the role that computational technology would play in modeling complex systems in 1999. The team has focused on computational technology ever since, including a number of special projects with DARPA.
FinaTech's team includes a number of renowned computational experts, among them Kevin Howard, a co-inventor of FinaTech's IP, the inventor of TALPs, and a luminary in high performance parallelization and optimizing compute technology with dozens of patents to his name.
Christopher Smith, co-inventor of FinaTech’s IP and a graduate from Stanford specializing in emerging technologies, helps tie the cash and data flows inherent in structured PE funds to computer work flows and computational analysis.
Matthew Macari, a partner in the law firm Skaar Ulbrich Macari, leads FinaTech's patent prosecution, overseeing the firm's claim strategy.