WINDSOR, Conn., Aug. 24, 2021 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that it
has surpassed 100 clients relying on the company's Precision LM™
software to support their lending operations. The growth comes as
banks and non-bank lenders have increased their investment
portfolios' private credit lending activities and exposure to
commercial and residential loans. Precision LM added 20 new clients
in the last 12 months.
Precision LM delivers the scalable technology designed to deal
with challenges of private credit, including non-standardized
document and data collection, unique accounting and regulatory
reporting requirements and rigorous counterparty credit reviews.
The platform streamlines mission-critical functions such as payment
processing, money movement, bank reconciliations, investor
reporting, construction loan servicing, asset servicing and
insurance compliance. Lenders, insurers, REITs and debt funds can
use flexible deployment models, with fully outsourced or co-sourced
functions provided by SS&C.
"As our loan portfolio growth continues, we needed a robust
technology platform to add automation and efficiency to allow our
business to scale," said Carl Brown,
Vice President of Investments at MCAN Mortgage Corporation.
"SS&C exceeded our expectations with their extensive experience
supporting the complex requirements of Canadian lenders and
investors. In addition, they provided immediate value to MCAN by
implementing Precision LM software on time and on budget."
"Precision LM supports the full lifecycle management of a broad
range of complex loan products, participation types and investor
structures, including origination, servicing, accounting and
reporting," said Stan Szczepanik, Vice President
at SS&C Technologies. "We are pleased to see the
momentum of Precision LM across the industry and look forward to
continuing to serve lenders in today's complex market."
The industry is responding positively to the latest enhancements
to Precision LM, which include:
- A new web and mobile-friendly origination platform for pipeline
management;
- Deal sizing and loan request tracking;
- Enhanced agency/multi-family servicing, accounting and
reporting capabilities;
- Expanded multi-currency functionality;
- Enhanced reconciliation, wire processing and AI-driven workflow
management and document processing functionality.
Learn more about Precision LM here.
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.
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SOURCE SS&C