A true SaaS solution for real estate investment trusts

Chimera Investment Corporation

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/

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.

• $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.”

Kelley Kortman, Chief Accounting Officer, Chimera Investment Corporation