Tamarack Technology made the strategic decision to release a standalone version of its SyndicationBuilder product.

Originally introduced as part of the Tamarack DataConsole 2.0 launch earlier this year, SyndicationBuilder was designed to streamline portfolio syndication and securitization processes by eliminating time-consuming and labor-intensive activities.

“This release comes at a time when the market is experiencing more challenging access to cost-friendly capital, higher interest rates and a retreat from equipment finance by traditional bank lenders,” Tim Appleget, director of SaaS products at Tamarack Technology, said. “With continuing mixed economic conditions, management teams are also finding it necessary to better manage risks in the portfolio, identifying segments to move off their balance sheets. Both conditions highlight the increased need for efficient syndication of asset pools to support growth.”

An element of the Tamarack AI Business Intelligence offering designed for professionals in the equipment finance industry, SyndicationBuilder is presently in use by multiple companies including KLC Financial and Oakmont Capital Services.