WINDSOR, Conn., Aug. 13, 2020 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that
HomeStreet Bank has selected SS&C Precision LM to support its
commercial real estate portfolio, including Fannie Mae Delegated
Underwriting and Servicing (DUS®) loans.
HomeStreet Bank is a leading Seattle-based commercial real estate and
multifamily lender. HomeStreet's top priority was to partner with a
market-leading technology provider experienced in the
commercial/multifamily lending and servicing space. SS&C's
cloud-based solution, Precision LM, will provide HomeStreet Bank
with an automated, scalable servicing platform that covers the
entire loan lifecycle. HomeStreet's borrowers will also have access
to a branded and secure web-based portal for interactive
self-service.
"HomeStreet is committed to investing in technology that
supports our growing commercial real estate and multifamily
business," said Troy Harper,
Executive Vice President and Chief Information Officer at
HomeStreet Bank. "We wanted a platform that enabled our team to
process work more efficiently and to utilizeimproved data
maintenance and access management tools. Precision LM's
functionality and commitment to technology innovation is consistent
with HomeStreet's strategic direction."
"We are excited to partner with HomeStreet Bank and provide
their financial institution with access to innovative technologies
and services to help automate and optimize their loan servicing
operations," said Stan Szczepanik,
Managing Director, SS&C Technologies. "We are seeing growing
demand for Precision LM's technology and expertise among banks,
including those with significant agency/multifamily
portfolios."
About HomeStreet Bank
HomeStreet, Inc. (Nasdaq:HMST) is a diversified financial
services company headquartered in Seattle, Washington, serving consumers and
businesses in the Western United
States and Hawaii through
its various operating subsidiaries. The Company is principally
engaged in real estate lending, including mortgage banking
activities, and commercial and consumer banking. Its principal
subsidiaries are HomeStreet Bank and HomeStreet Capital
Corporation. HomeStreet Bank is a member of the FDIC and an Equal
Housing Lender.
About SS&C Technologies
SS&C is a global provider of investment and financial
software-enabled services and software for the global financial
services industry. Founded in 1986, SS&C is headquartered in
Windsor, Connecticut and has
offices around the world. Some 11,000 financial services
organizations, from the world's largest institutions to local
firms, manage and account for their investments using SS&C's
products and services.
Additional information about SS&C (Nasdaq:SSNC) is available
at www.ssctech.com. Follow SS&C on Twitter, LinkedIn and
Facebook.
SOURCE: SS&C
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