CoreVest Partners with SS&C for Automated Loan Management and Accounting
The leading lender to residential real estate investors ensures the sustainability of commercial real estate lending operations with Precision LM
WINDSOR, Connecticut., July 6, 2021 / PRNewswire / – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that CoreVest, a Redwood Trust Company, will implement Precision LM ™ loan management software to improve automation and operational efficiency, streamline data access and reporting , and reduce the risks.
CoreVest selected Precision LM for its flexibility in supporting a wide range of complex commercial loan types, including term loans, bridging loans (fixed, variable and adjustable rate), construction loans and loans. rental of model housing. Additionally, Precision LM automates the loan lifecycle, from loan integration to shadow and real estate management and accounting (REO).
“CoreVest is committed to investing in technology to scale our business and improve the customer experience,” said Christophe Hoeffel, president of CoreVest. “SS&C is the leader in this technology and has provided us with the tools and expertise to consolidate multiple applications across all business units. Additionally, automating our loan accounting and reporting processes will improve data flow and save significant 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 an area of strategic focus, ”said Dan Pallone, Vice President of Mortgage REIT and Lending Solutions at SS&C Technologies. “SS&C invests in our proven Precision LM platform to provide the most advanced loan management and reporting platform to support our clients’ businesses. “
CoreVest is the leading lender to residential real estate investors, nationwide. It offers long-term loans for stabilized rental properties as well as short-term bridging loans, investment lines of credit and rental construction programs. With over 10 billion dollars in loans financed and 100,000 units financed, CoreVest offers attractive rates, rapid deadlines and certainty of closing. The company works directly with borrowers and brokers. For more information visit www.corevestfinance.com or contact us on LinkedIn.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world’s largest companies to small and medium-sized enterprises, trust SS&C for expertise, scale and technology.
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