SS&C Technologies (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the general availability of LMS 2012, an important update to SS&C's commercial loan origination and servicing platform.
"We serve the leading loan origination, servicing, and investment accounting organizations and through ongoing dialogue we continue to enhance our LMS products to improve the efficiency and effectiveness of managing complex loan portfolios," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "If you are involved in the origination or servicing of commercial loans, LMS is your solution."
LMS 2012 Release Highlights
With this release of LMS, SS&C continues its commitment to providing a global footprint to the loan market. Key features include the expansion of multi-currency capabilities, market valuations, and valuation allowances. Designed with multi-currency loans at its core, switching between currencies is fully supported including associated calculations and transactions.
LMS is a workflow-based platform and the latest release offers fully customized task management and document tracking to provide increased oversight at the group and individual levels. End-to-end servicing enhancements provide expanded tracking of loan funding details, improved processing of fee payments and reimbursements, as well as ease of accounting for loan sales and dispositions. As construction lenders continue to look to grow while increasing efficiencies, the latest release of LMS features automation of administration and accounting of construction loans with greater granularity in holdback and construction cost tracking. The LMS CRM interested party function now allows for web-based access to view contact information.
Unum, a leader in disability, group life, long term care and voluntary benefits, and an SS&C client since 1997, recently went live on the latest release of LMS. "We are extremely pleased with new version of LMS," said Laurie Fitch, Senior Investment Analyst, Mortgage and Real Estate Investments, Unum. "The enhanced features enable us to collaborate more effectively and faster. LMS continually helps us increase visibility and control and deliver better service."