SS&C Technologies, Inc. a global provider of financial services software and software-enabled services, today announced that Missouri Housing Development Commission (MHDC) has chosen SS&C's CAMRA to account for their mortgage-backed securities (MBS) portfolio.
MHDC will deploy CAMRA as its core accounting and record-keeping system to support and track the agency's US $1.2 billion fixed income portfolio consisting of mortgage-backed securities pools. MHDC will leverage CAMRA's interface with its custodian and perform evaluations of its investments.
"As the size and related complexity of our MBS business has grown, we want to move off our current spreadsheet-based process and find an integrated and streamlined portfolio management and accounting solution," said Marilyn Lappin, director of finance, Missouri Housing Development Commission. "We chose SS&C for their proven technology and expertise in the area of fixed income portfolio management. CAMRA was the solution that could provide the portfolio valuation and in-depth reporting we needed."
"MHDC serves a critical need in today's tough economic times," said Bill Stone, chairman and chief executive officer, SS&C Technologies."To help fulfill its mission, the commission's operational infrastructure must be efficient and cost-effective. We are proud that SS&C can make a contribution to this goal through the implementation of our software solutions."
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