SS&C Technologies Holdings has launched the third version of its Precision Loan Management (LM) loan origination, servicing, accounting and asset management solution.
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to streamline client integration and operational efficiency.
Developed in partnership with JLL, the software now provides automated reporting of required information to all agencies, including Fannie Mae E-servicing, Ginnie Mae GinnieNET, and Freddie Mac B2B.
According to SS&C, the latest version will strengthen the software’s capabilities in origination, insurance administration and operating statements, while addressing the needs of its current diverse client base.
Mike Rulf, managing director of capital markets at JLL, said: “We can see that our efforts will result in significant improvements in automation, efficiency, and reporting.”
He added: “We are also pleased with version 3.0’s expandable web services that streamline document management and workflow, and the enhanced borrower portal that supports online payments and access to billing statements.”
Stan Szczepanik, vice president of SS&C Technologies, said: “Partnering with our customers to deliver innovation that furthers their business objectives is an important way in which our dedicated software engineers and subject matter experts deliver highly functional software.”
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