Patelco Credit Union Simplifies Its Commercial Loan Processes With SS&C's LMS
One of the Largest U.S. Credit Unions Goes Live on Commercial Loan Origination
and Servicing Platform
WINDSOR, Conn., Dec. 4, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings,
Inc. (Nasdaq:SSNC), a global provider of financial services software and
software-enabled services, today announced Patelco Credit Union selected
SS&C's commercial loan origination and servicing platform, LMS Loan Suite™.
Communication and integration throughout the origination and servicing process
is a key differentiator and LMS Loan Suite's unique capabilities will be fully
utilized to streamline and enhance these processes.
"We have had an excellent pre-sale relationship with SS&C to understand and
gain confidence in the application," said Cory Schwab, Vice President of
Commercial and Secondary Market Loans for Patelco. "The support staff and
implementation team have the expertise and experience to ensure a successful
implementation. LMS Loan Suite allows us to configure the platform, making our
processes far more efficient and positions us for growth."
"This is further proof of our strong reputation in the credit union market
space, having been chosen by one of the industry's largest purchasers of loan
and loan pools, Patelco," said Bill Stone, Chairman and Chief Executive
Officer, SS&C Technologies.
About Patelco Credit Union
Founded in 1936, Patelco Credit Union ranks among the largest credit unions in
the nation and is the fifth largest in California, with more than $3.8 billion
in assets and 270,000 members nationwide. Throughout its 76-year history,
Patelco has helped its members and their communities prosper through volunteer
initiatives and personalized service that focus on transparency, simplicity in
banking, and garnering trust. Patelco is a federally insured, not-for-profit,
full-service credit union that offers the same types of products and services
as large banks. Membership in Patelco is free and open to everyone. For more
information, visit Patelco Credit Union at www.patelco.org.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled
services and software focused exclusively on the global financial services
industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut
and offices around the world. Some 5,500 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. These clients in the
aggregate manage over $26 trillion in assets.
Additional information about SS&C (Nasdaq:SSNC) is available at
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CONTACT: For more information
Chief Financial Officer
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