(Image credit: Pascal Debrunner/Unsplash.)
Constellation Insurance, a New York-based insurance holding company with a $1.6 billion loan portfolio, has selected SS&C Technologies’ (Windsor, Conn.) Precision LM to help manage its growing commercial mortgage portfolio. Precision LM loan origination and servicing software will support pipeline tracking, loan servicing, accounting, asset management and regulatory reporting for its growing commercial mortgage portfolio—all on a single integrated platform.
“We were impressed by SS&C’s expertise, infrastructure, and continued enhancement to its commercial mortgage technology,” comments Timothy Biggs, VP, Mortgages and Real Estate, Constellation Insurance. “Precision LM is a robust and scalable solution, which will provide increased data and automation and improve efficiency and accuracy. Having Precision LM is especially important as additional regulations continue to be implemented.”
Increasing Efficiency, Improving Profitability and Controling Risk
Constellation expects the implementation to increase efficiency in the loan process, improve profitability and control risk. Precision LM’s cloud-based platform will also reduce the operational impact on Constellation’s IT staff.
“SS&C is committed to providing innovative software and value-added services to commercial real estate lenders and insurance companies,” said Bhagesh Malde, General Manager, Global Head of SS&C GlobeOp. “This complex industry is evolving with increasingly complex stakeholder expectations. With our deep domain expertise and superior technology, we simplify commercial loan management for clients.”
New Ohio National Annuity Rider Offers Guaranteed Retirement Income Growth