WINDSOR, Conn., July 6, 2021 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that
CoreVest, a Redwood Trust Company, will implement Precision
LM™ loan management software to improve automation and operational
efficiency, streamline data access and reporting, and reduce
risk.
CoreVest selected Precision LM for its flexibility to support a
broad range of complex commercial loan types, including term loans,
bridge loans (fixed, floating and adjustable-rate), construction
loans, and model home leasing loans. In addition, Precision LM
automates the loan lifecycle, from loan onboarding through shadow
and real-estate owned (REO) servicing and accounting.
"CoreVest is committed to investing in technology to scale our
business and enhance the client experience," said Christopher Hoeffel, President of CoreVest.
"SS&C is the leader in this technology and provided us with the
tools and expertise to consolidate multiple applications across
business units. In addition, automation around our loan accounting
and reporting processes will improve data flow and save significant
time."
"We are pleased to welcome the leading lender for residential
real estate investors to the SS&C family. Mortgage REITs
and other non-bank lenders continue to be a strategic focus area,"
said Dan Pallone, Vice President of
Mortgage REIT and Loan Solutions at SS&C Technologies.
"SS&C invests in our proven Precision LM platform to deliver
the most advanced loan servicing and reporting platform to support
our client's business."
About CoreVest
CoreVest is the leading lender to
residential real estate investors, nationwide. It offers long-term
loans for stabilized rental properties as well as short-term bridge
loans, investment credit lines and build for rent programs. With
more than $10 billion in loans funded
and 100,000 units financed, CoreVest offers attractive rates, rapid
timelines and closing certainty. The company works directly with
borrowers and brokers. For more information, visit
www.corevestfinance.com or connect with us on LinkedIn.
About SS&C Technologies
SS&C is a global
provider of services and software for the financial services and
healthcare industries. Founded in 1986, SS&C is headquartered
in Windsor, Connecticut, and has
offices around the world. Some 18,000 financial services and
healthcare organizations, from the world's largest companies to
small and mid-market firms, rely on SS&C for expertise, scale,
and technology.
Additional information about SS&C (Nasdaq: SSNC) is
available at www.ssctech.com. Follow SS&C on Twitter, LinkedIn
and Facebook.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/corevest-partners-with-ssc-for-automated-loan-servicing-and-accounting-301325361.html
SOURCE SS&C