WINDSOR, Connecticut., July 6, 2021 / PRNewswire / – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that CoreVest, a Redwood trust company, will deploy Precision LM ™ credit management software to improve automation and operational efficiency, simplify data access and reporting, and mitigate risk.
CoreVest selected Precision LM for its flexibility in supporting a wide range of complex commercial loan types, including term loans, bridging loans (fixed, floating and variable rate), construction loans and generic home lease loans. In addition, Precision LM automates the loan lifecycle, from loan filing to shadow maintenance and bookkeeping.
“CoreVest is committed to investing in technology to expand our business and improve our customer experience,” said Christopher Hoffel, President of CoreVest. “SS&C is a leader in this technology and has provided us with the tools and expertise to consolidate multiple applications across business units. In addition, automation of credit accounting and reporting processes will improve data flow and significantly save time. “
“We are delighted to welcome the leading lender for residential real estate investors to the SS&C family. Mortgage REITs and other non-bank lenders continue to be a strategic focus, ”he said. Dan Pallone, Vice President of Mortgage Investment and Lending Solutions at SS&C Technologies. “SS&C is investing in our proven Precision LM platform to provide the most advanced credit servicing and reporting platform to support our clients’ businesses.”
CoreVest is the leading lender for residential real estate investors across the country. It offers long-term loans for stable lease of real estate, as well as short-term bridging loans, investment lines of credit and lease-based construction programs. With more than 10 billion dollars CoreVest offers attractive rates, fast deadlines and the confidence to close with loan financing and 100,000 unit financing. The company works directly with borrowers and brokers. For more information visit www.corevestfinance.com or contact us at LinkedIn…
About SS&C Technologies
SS&C is a global provider of services and software for financial services and healthcare. SS&C, founded in 1986, is located in St. Windsor, Connecticut, and has offices around the world. About 18,000 financial services and healthcare organizations, from the world’s largest companies to small and medium-sized companies, rely on SS&C for expertise, scale and technology.