Firm will transform and modernize loan origination and servicing operations with cloud-based Precision LM
SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced Chrysalis Financial ("Chrysalis"), a growing financial services company, has selected Precision LM™, SS&C's next generation commercial loan management suite with a fully customizable user interface and intuitive user experience.
Chrysalis coordinates the capitalization of the five first tier subsidiaries of the Chrysalis Group and serves the financial services needs of its corporate clients and partners. The firm manages all phases of the lending process in-house, including origination, due diligence, underwriting, funding, servicing, and debt securitization. To remain competitive in the commercial lending market, Chrysalis needs to run its complex operations smoothly with a lean and nimble team, a modern technology platform, and relatively little overhead costs. Precision LM, with its deep functionality, a secure web portal that borrowers can access to retrieve loan information, and cloud-based delivery model, became an obvious choice. Using Precision LM, Chrysalis will achieve the transparency and automation it requires as it grows its lending platform.
"We pride ourselves on our lean infrastructure that leverages world class people, trusting partnerships, and cutting edge technology," said Chad Keller, Chief of Bank Operations, Chrysalis. "With SS&C's Precision LM, we will be able to accelerate productivity through a best-in-class user experience, greater automation and speed, enhanced transparency, and improved control and security."
Additionally, SS&C has helped the company dramatically reduce its IT costs, including infrastructure. Chrysalis can gain instant access to the company's origination and servicing process from virtually anywhere.
"Over the last few years, we have seen significant shifts in the business challenges facing commercial lenders as they manage their growth. To help address many of these challenges, lenders are increasingly adopting cloud-based solutions. The Cloud enables our customers to scale while maintaining low acquisition costs," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "Chrysalis' visionary adoption of a cloud infrastructure for servicing and origination is a model for 'Commercial Lending 2.0' that can generate substantial benefits for both Chrysalis and its customers."
Using the extensive capabilities of the Cloud, Precision LM is a commercial loan origination and servicing solution that allows you to manage all aspects of your loan process from pre-qualifying loan requests, processing applications, commitment processing, loan disposition, servicing and accounting seamlessly.