Automate underwriting, reporting, and analysis
Advanced CMBS Solution for Risk and Analytics.
Vichara's CMBS solution is a high-performance, loan-level analytics platform built for CMBS traders, portfolio managers, risk teams, and analysts. With powerful modeling, scalable computing, and seamless data integration, vCMBS helps you manage exposure, uncover opportunities, and precisely navigate CRE market complexities.
Built-in Surveillance. Custom Modeling. Seamless Integration.
vCMBS puts CMBS clarity at your fingertips. Whether you're pricing conduit bonds, underwriting SASB deals, or managing portfolio-wide exposure.
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See risk before it hits your Portfolio
Built-in active surveillance continuously monitors loan performance, occupancy trends, lease expirations, and leverage metrics. Get alerts on risks before they become losses.
Visualize What Matters Most
Track tenant health, lease rollovers, auctions, and sponsor activity with map overlays and interactive dashboards. Drill down into the details or zoom out to portfolio-level trends in seconds.
Seamless Data Integration, Your Way
Integrate market feeds like Intex, CoStar, and Trepp with your own Excel models, rent rolls, and credit assumptions so your analytics reflect your view, not just third-party defaults.
Automate Reporting and Eliminate Rework
Generate cash flow, P&L, and compliance reports in your preferred formats with no manual cleanup or formatting headaches. Fully customizable to your needs.
Vichara is proud to be named in the Chartis RiskTech100 2024-2025 as solution category award winner for Pricing & Analytics – Credit for CMBS. Vichara is also in Chartis’ STORM50 report, winning the category awards for CMBS and RMBS.
What Makes vCMBS a Game-Changer.
vCMBS doesn’t just analyze data, it connects the dots across loans, bonds, and markets so you can move faster, smarter, and with complete clarity.
Deal & Collateral Intelligence
Know exactly what’s inside every deal, before and after it hits the market.
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- Break down every deal into loans, properties, and sponsors
- Visualize rent roll trends, lease rollover timelines, and auction events
- Stratify across DSCR, LTV, property type, MSA, and more
Bond & Tranche
Analysis
Get clarity on cash flows, risk, and returns across the capital stack
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- Perform cap rate/NOI matrix testing across multiple bonds
- Integrate analyst assumptions with credit stacks and tranche flows
- Track real-time events like pay downs, ratings changes, and shortfalls
Portfolio-Wide Exposure & Risk Surveillance
Stay ahead of risk with a portfolio view that works as hard as you do
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- Monitor your full CMBS universe with scheduled portfolio runs
- Get total return insights, sensitivities (OAS, KRDs, Spread Duration) & event-driven alerts
- Compare holdings against BWICs, market color, and live dealer quotes
- Flag underperforming loans early with built-in active surveillance
Real-time Trading Intelligence & Market Valuation
Spot opportunities and act faster with real-time insight.
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- Automate BWIC tracking and price overlays
- Run dynamic pricing using dealer quotes and market color
- Compare relative value across bonds, portfolios, and past trades
Smart Valuation & Underwriting Engine
Model deals on your terms, even before third-party data becomes available.
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- Run pricing scenarios using your credit assumptions
- Override Trepp/Intex models with your underwriting
- Use trader overlays, rent rolls, and internal views
Data Accuracy & Workflow Automation
Spend less time fixing data and more time using it.
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- Standardize and automate data ingestion across all deals
- Eliminate duplicates with Vichara MasterID for clean mapping
- Track cross-linked and split loans with precision
Powerful Search & Derived Analysis
Find exactly what you need across thousands of data points.
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- Search by 30+ fields including sponsor, MSA, and lease terms
- Analyze tenant activity within a radius using Google Maps
- Surface insights using keyword filters and lease event tracking
Underwriting That Works How You Work
Work in the formats you already trust. Integrate your tools and data with zero friction.
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- Upload Excel models, commentary, and PDFs
- Attach internal ratings, assumptions, and rent rolls
- View everything at the loan, group, or bond level
Scalable Cloud-Based Modeling
Handle large volumes of data without delays.
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- Perform high-speed, parallelized risk calculations
- Run thousands of scenarios across portfolios and structures
- Stress test both cash and synthetic CMBS deals
Built for CMBS experts who want more than just numbers.
vCMBS isn’t just a platform- it’s your strategic partner in mastering CMBS risk, analytics, and opportunity.
Download the vCMBS Brochure