WINDSOR, Conn., Feb. 7, 2011 (GLOBE NEWSWIRE) -- SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced a U.S.-based national financial services organization, with more than US$400 billion in assets under management, tapped SS&C to service its $14 billion loan portfolio with SS&C's origination and serving solution, LMS Loan Suite™.
This U.S.-based National Financial Services organization wanted to better serve its clients by simplifying the closing and settlement process, increasing the quality of mortgage loans while reducing the overall cost to process a loan.
After an extensive evaluation of available systems through a Request for Proposal (RFP) process, they selected SS&C's LMS Loan Suite for the system's flexibility, the ability to consolidate and track data and generate reports, and the technical assistance offered by SS&C's customer service team, all enabling more efficient daily loan management.
"This is further proof of our strong reputation in the institutional market space, having been chosen by one of the largest industry players," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "We have been able to help automate and streamline loan origination and servicing processes for institutional firms of all sizes and asset types, including the acquisition, servicing, and asset management of distressed whole loans."
About SS&C Technologies
SS&C is a leader in the delivery of investment and financial management software and related services focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut, and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets. Additional information about SS&C (Nasdaq:SSNC) is available at .
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CONTACT: Patrick Pedonti Chief Financial Officer Tel: +1-860-298-4738 E-mail: InvestorRelations@sscinc.com