New generation cloud-based loan management suite offers fully customizable user interface and intuitive user experience
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, unveiled Precision LM™ at its Investment Intelligence Summit in Florida yesterday. Precision LM redefines SS&C's loan management software suite and is the evolution of SS&C's comprehensive commercial loan management technology and expertise.
Karen Ruel, Director, Mortgage and RE Finance at Unum attended the Precision LM session and said, "The new screens look great, very forward thinking. It's exciting to see the changes coming to the new Precision LM."
The cloud-based solution is designed to transform the loan management process for customers. Precision LM features a drag and drop interface, so loan information can be positioned and juxtaposed anywhere on the user's screen. Snapshot dashboards containing summary data for accounts, property types, and almost any other application data are now completely configurable.
"Over the past twenty years some of the largest investment managers and commercial lenders have relied on SS&C for our loan management technology and expertise. Precision LM is the next generation cloud-based offering, maximizing productivity through a best-in-class user experience and a plethora of new features and functions," said Tim Reilly, Senior Vice President and General Manager, SS&C Institutional and Investment Management. "Every day we rethink the way our customers run their operations. Precision LM improves loan origination and servicing performance, offers greater automation and speed, enhanced transparency and higher levels of control and security."
New functionality has been added to streamline mortgage REIT processing and reporting and enhance concession accounting and processing for an interest impairment that has been structured. The new version automates CMHC (Canadian Mortgage Housing Corporation) pooling and servicing, includes the ability to track future capitalization of interest and handles adjustments to funded budget items in a construction budget.