Company History
North Shore Systems was established in 1998 after CEO, Brian McCracken, departed another successful software company within the commercial loan servicing sector to start NSS. He created North Shore with the intent of providing the best end-to-end commercial/ multifamily/ residential lending platform.
With this goal in mind, Brian reached out to contacts he had previously done business within the banking industry, including CTO Steve Harris, to help him in forming the foundation of his new company. NSS was fortunate to gain the trust of a major player in the capital markets early on and only continued to grow since their start over 20 years ago.
Company Growth
The company founders drafted a master plan to very deliberately develop an end-to-end solution, starting with the front-end, Origination piece, and then, at about the time of the financial crisis, extend its capabilities to the back end for portfolio and asset management. Next, as the economy improved and a development cycle began, the company added a Construction Lending piece, based on over twenty years’ experience in construction lending solutions amongst the founders.
The company continued to grow steadily by virtue of its system being adapted by clients in different market segments, such as regional banks, mortgage banking, private lenders, insurance companies, CMBS conduits, bridge and construction lending, and portfolio/asset managers.
And now a new chapter begins with the recent completion of the systems Loan Servicing module, which completes the master plan and opens up a whole new market of loan servicers and investment managers for NSS. The company is poised for ample and steady growth regardless of the macroeconomic cycles, or the changes in focus between origination and asset management.
Company Today
Today, North Shore Systems is headquartered in San Clemente, CA, providing an ideal location for supporting our clients and an extremely productive environment for its employees. We are proud to share that NSS is an industry leader in providing technical solutions to the commercial real estate finance industry and is well-known in the industry due to its longevity and variety of lenders it has provided solutions to.
The company now has offerings for the entire financial supply chain, from smaller capital markets players up through the CMBS participants and major investors. Every year North Shore has been profitable and continues to grow both vertically and horizontally in its offerings and expertise. Its technology is continually being updated to ensure the best possible platform is being offered today and in the future.