Client SuccessChimera Investment Corporation
A True SaaS Solution for Real Estate Investment Trusts
The Clearwater solution provides Chimera with automated investment data management, accounting, reporting, and analytics. By implementing Clearwater, Chimera has been able to streamline their investment accounting and reporting processes.
Market / Corporations
Chimera Investment Corporation is a New York City-based Real Estate Investment Trust (REIT) with a diversified portfolio that includes residential mortgage loans, non-agency and agency residential mortgage-backed securities, and agency commercial mortgage-backed securities.
Headquarters: New York, New York
Assets Under Management: $32B
Website: https://www.chimerareit.com/
$32
billion in financial instruments
100k+
mortgage loans
$5.7
billion common and preferred stock dividends
Challenges
- Requiring a high level of investment data quality and transparency to meet obligations
- Finding a partner who could provide transparency into investment data while supporting sophisticated accounting requirements
- Streamline investment accounting and reporting processes
Results
- Automated investment data management, accounting, reporting, and analytics
- Configurable tax basis reporting in parallel with GAAP requirements, as well as support for 10-Ks and Qs, and 8-Ks
- Efficient processes around daily book price, daily amortization calculations, amortization bonding, and more
“Clearwater demonstrated to us a solution built and ready to handle the complexity of our portfolio. We look forward to taking advantage of a platform that will scale with us and stay continually updated in alignment with market conditions and ever-changing regulatory requirements.”
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