For Immediate Release
Chief Financial Officer
Tel: +1- 212-367-4705
Pace Financial Group Makes Major Upgrade to Loan Servicing Capabilities with Selection of SS&C Precision LM™
WINDSOR, CT, October 30, 2017 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that Pace Financial Group (“Pace”) has selected SS&C’s Precision LM™ commercial loan servicing software. Pace chose SS&C to provide enhanced value-add services and reporting to its life insurance clients.
Headquartered in Columbus, OH, Pace has full service commercial mortgage loan servicing operations throughout the Midwest and Southeast. The mortgage banking company needed a widely used, commercial-grade loan servicing software platform to improve service levels to external investors and internal management. With Precision LM’s highly automated processing, robust reporting and strong controls, Pace will now be able to bring on new borrowers, loans, and investors with no delays.
“To position Pace Financial Group for continued growth and meet increasingly complex client requirements, we needed to invest in advanced servicing software and partner with a leading technology firm,” said Matt Fletcher, Director of Servicing at Pace Financial Group. “I am highly confident in SS&C’s ability to improve our operational efficiency, and accelerate the expansion of our loan servicing portfolio with the implementation of Precision LM.”
A number of Pace Financial Group’s clients are life company originators and also use Precision LM. With both on a common software platform, Pace can automate standardized remittance files, leading to timely payment information delivery. Precision LM also simplifies automated shadow servicing of actual versus expected payment activity for life insurance companies.
“We are delighted when we see the technological and functional superiority of Precision LM attract exceptional new clients like Pace Financial Group,” said Stan Szczepanik, Vice President, and SS&C Technologies. “SS&C continues to build strong momentum in bringing leading servicers onto the Precision LM platform, building on our diverse and expanding client base of over 70 financial services firms.”
About Pace Financial Group
Pace Financial Group offers a full range of commercial real estate funding options as well as a full service commercial mortgage loan servicing operation. Financing options include first and second mortgage debt, equity investments, mezzanine financing, bridge financing, construction financing, and brokerage services. Pace recently expanded its focus to include the brokerage of interim, construction and other short-term financing.The Pace Financial Group provides services throughout the Midwest and Southeast from their offices in Columbus, Ohio and Lincoln, Nebraska.
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.