U.S. Financial Technology

What U.S. Financial Technology does

U.S. Financial Technology (formerly Common Securitization Solutions, CSS) is a private joint venture of Fannie Mae and Freddie Mac, founded in 2014 and headquartered in Bethesda, MD, with a growing presence in Pasadena, CA. The company operates the Common Securitization Platform (CSP), the first and only 100% cloud-based mortgage securitization platform in the financial services industry. The CSP serves as the central straight-through processing engine for Single-Family Mortgage-Backed Security (SF MBS) issuance and administration for both U.S. Government-Sponsored Enterprises, including the registration and settlement of securities with the Federal Reserve Bank of New York, bond administration, and REMIC tax reporting. The platform services over 1 million securities backed by approximately 30 million residential mortgage loans representing $6+ trillion in unpaid principal balance, processes $100-150 billion in mortgage securities issued monthly on average, and underpins a $16 trillion managed portfolio across all securitization deal structures.

The technology stack is cloud-native on AWS — leveraging AWS Amplify (React, Figma, Lambda, AppSync, DynamoDB, CloudFormation) — and uses Snowflake to power the Enterprise Lake House (ELH) for governed data sharing without data movement. The company introduced an Active/Active platform architecture in 2023-2024 delivering zero data loss and full disaster recovery within 4 hours, is annually evaluated under SOC-1 and SOC-2, and is independently examined by the Federal Housing Finance Agency (FHFA). U.S. FinTech has received the HousingWire Tech100 Mortgage Award in 2020, 2021, 2022, and 2024.

The business model is structured as a managed-services platform provider to its two GSE joint-venture owners under confidential contractual SLAs. There is no commercial product offering, no consumer-facing distribution, and no external marketing-driven go-to-market. Revenue is derived from fees negotiated with the GSEs for securitization issuance, bond administration, reporting, and regulatory compliance services. Capital is provided by the parent GSEs rather than external venture funding. The company rebranded to U.S. Financial Technology in 2025 to reflect its broadened technology-leadership positioning while maintaining the same joint-venture ownership and regulatory structure.

Name

U.S. Financial Technology

Legal name

U.S. Financial Technology, LLC

Website

https://usfintech.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

U.S. Financial Technology is a Fannie Mae–Freddie Mac joint venture that operates the cloud-based Common Securitization Platform, processing issuance and administration for Single-Family Mortgage-Backed Securities covering a $16 trillion portfolio across the U.S. housing finance market.

Ownership category

akta.pro rank

Product category

Mortgage Securitization Platform

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Investment Banking and Securities Intermediation (523150), Finance and Insurance (52)

SIC

Asset-Backed Securities (6189), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Securitization Administration & Deal Services (Trustee, Custodian, Paying Agent) (FSALAFAK)

akta.pro secondary industries

Securitization & Loan Trading Enablement (Whole Loan Sales, ABS Data/Reporting) (FSAGAHAK), Securitized Products Trading Platforms (MBS/ABS/CLO) (FSAFACAK), Securitized Products (MBS/ABS/CMBS) (FSAAAHAE)

Keywords

• Mortgage securitization platform
• Cloud-based securitization
• MBS issuance administration
• Bond factor calculations
• GSE technology services

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Mortgage Securitization Platform Services: U.S. Financial Technology operates as a joint venture owned by Fannie Mae and Freddie Mac, providing essential operational services for the issuance and administration of Single-Family MBS. The company generates revenue through contractual service arrangements with its GSE owners, managing the CSP platform under stringent SLAs. Revenue is derived from fees for securitization issuance, bond administration, reporting, and regulatory compliance services.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

U.S. Financial Technology builds and operates the Common Securitization Platform (CSP), a 100% cloud-based mortgage securitization platform that handles the issuance and administration of Single-Family Mortgage-Backed Securities (SF MBS) and Uniform Mortgage-Backed Securities (UMBS) for Fannie Mae and Freddie Mac. The platform performs end-to-end securitization from security setup and settlement with the Federal Reserve Bank of New York, through bond factor calculations and ongoing bond administration, to REMIC tax reporting and loan- and bond-level disclosures to investors. Supporting services include data analytics, low-code innovation tooling, and operations outsourcing for the GSEs' secondary mortgage market programs.

Product overview

U.S. Financial Technology operates as a unified platform company offering the Common Securitization Platform (CSP) as its core product—a 100% cloud-based mortgage securitization platform for Fannie Mae and Freddie Mac. The CSP serves as the central straight-through processing engine for the company's suite of interconnected services: Security Setup and Settlement, Security Calculation and Administration, and Reporting, Data, and Analytics. Supporting these core functions are supplementary services including Product Development and Innovation, Technological Solutions, Business Process Operations Outsourcing, and Data Insights and Analytics. Together, these offerings enable end-to-end securitization from loan issuance through bond administration and investor reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Common Securitization Platform (CSP) The first and only 100% cloud-based mortgage securitization platform of its kind, serving as the resilient straight-through processing engine for Single-Family Mortgage-Backed Security (SF MBS) issuance and administration for Fannie Mae and Freddie Mac. It securely and centrally houses Agency MBS data including loan and pool level, payoffs, delinquency, and historical performance, enabling near real-time reporting, analytics, and insights.
• Security Setup and Settlement

Quantifiable outcome

• $18+ trillion in investor access enabled through SF MBS issuance since 2019
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature10 records

Partnerships

Six partnerships are on record, tiered core.

• Fannie MaecoreStrategic or Co-development Partner · 1 January 2014Fannie Mae is one of two joint venture owners of U.S. Financial Technology (originally Common Securitization Solutions). Fannie Mae and Freddie Mac together invested in the creation, integration, and ongoing operation of the company. U.S. FinTech manages the issuance and administration of Fannie Mae's Single-Family MBS portfolio including UMBS.
• Freddie MaccoreStrategic or Co-development Partner · 1 January 2014Freddie Mac is one of two joint venture owners of U.S. Financial Technology. The joint venture was created to develop and operate the Common Securitization Platform for use by both GSEs. U.S. FinTech manages the issuance and administration of Freddie Mac's Single-Family MBS portfolio including UMBS. A POC is underway for data sharing via Snowflake.
• AWS (Amazon Web Services)coreTechnology or IntegrationAWS is a key technology partnership providing the cloud infrastructure foundation for the Common Securitization Platform. CSS used AWS Amplify (built on React, Figma, Lambda, AppSync, DynamoDB, CloudFormation) for rapid prototyping and platform development. The company leverages AWS IAM, DynamoDB, and other AWS services for its cloud-native architecture.
• JPMorganChasecoreStrategic or Co-development PartnerJPMorganChase is identified as a key partnership alongside AWS. U.S. FinTech leverages JPMorganChase to bring the best cost-effective solutions to clients. The partnership is described as part of U.S. FinTech's strategy to leverage industry-leading technology and financial services partners.
• SnowflakecoreTechnology or IntegrationSnowflake is the cloud data platform powering U.S. FinTech's Enterprise Lake House (ELH), enabling modern data sharing without data movement. Snowflake's marketplace provides access to datasets from 300+ providers including Bloomberg, LoanBeam, 1010data, First American, CoreLogic, etc. GSEs can get personalized access to data without it moving from CSS to the GSEs.
• Federal Housing Finance Agency (FHFA)coreOthersFHFA is the regulator overseeing both Fannie Mae and Freddie Mac, and by extension, U.S. Financial Technology. FHFA appointed the Board of Managers composition (independent non-executive Chairman, CEO, two Fannie Mae reps, two Freddie Mac reps, two FHFA-appointed members). FHFA mandated the creation of the joint venture and the UMBS Single Security initiative. FHFA also examines U.S. FinTech's operations.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• CoreLogic: Major provider of U.S. mortgage, real estate, and consumer data analytics. Comparable as a data and analytics infrastructure layer underlying secondary mortgage market decisions; U.S. FinTech consumes similar data providers (First American, CoreLogic) via its Snowflake ELH.
• DTCC (Depository Trust & Clearing Corporation): Central securities depository and post-trade infrastructure provider for U.S. fixed income and securitized products. Comparable as the broader market infrastructure layer that supports clearing, settlement, and asset servicing in the same securitization ecosystem.
• ICE Mortgage Technology (Black Knight): Intercontinental Exchange's mortgage technology unit (formerly Black Knight) provides the dominant loan-origination and servicing technology stack across the U.S. mortgage industry. Comparable as a critical infrastructure provider to GSEs and the broader secondary market, though focused on origination/servicing rather than securitization administration.
• S&P Global (Market Intelligence / Ratings): Operates structured finance ratings, index, and data services across MBS, ABS, and CMBS. Comparable as a tier-one securitization data, analytics, and ratings infrastructure participant serving the same institutional investor base.
• Moody's (MAUS / Capital IQ):

Emerging players

• Finastra: Large fintech provider of capital markets, lending, and treasury technology, including structured finance and securitization solutions. Comparable as a vendor of securitization and capital markets technology to financial institutions, though primarily outside the U.S. GSE MBS market.

Others

• Bloomberg L.P. Operates the dominant fixed income data and trading platform used by MBS investors and dealers. Comparable as a critical data and infrastructure provider for securitized products trading, analytics, and reporting workflows that surround U.S. FinTech's issuance and administration.

Regional players

• Polaris Mortgage Technology (Mr. Cooper): Mr. Cooper's servicing platform handles a large share of U.S. mortgage servicing rights and is a major CSP counterparty. Comparable as a large-scale mortgage servicer operating in the same securitization value chain, interfacing with U.S. FinTech for loan and pool data exchange.

Direct peers

• Intex Solutions: Long-standing provider of cash flow modeling and analytics for structured finance, including MBS, ABS, and CMBS. Comparable as a securitization technology vendor serving institutional investors, dealers, and trustees with deal structuring and analytics.
• MERS (Mortgage Electronic Registrations Systems): Operated by MERSCORP Holdings (owned by ICE), MERS is the national electronic registry that tracks ownership and servicing rights for U.S. residential mortgages. Directly comparable as a GSE-adjacent mortgage infrastructure utility that provides a system of record for the secondary mortgage market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/usfintech

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about U.S. Financial Technology