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For Immediate Release
Contact:
Patrick Pedonti
Chief Financial Officer
Tel: +1-860-298-4738
E-mail: InvestorRelations@sscinc.com
MCAP Selects SS&C for Loan Origination and Mortgage Servicing Technology
Largest Independent Mortgage Service firm in Canada chooses strategic vendor
WINDSOR, CT - November 7, 2006 — SS&C Technologies, Inc. (www.ssctech.com), a global provider of financial services software and outsourcing solutions, today announced the MCAP Financial Corporation, a Canadian mortgage company, has chosen SS&C's commercial loan management system, LMS Loan Suite™, for roll out to seven offices across Canada. "There is a significant benefit to our staff and clients and that will be the increased automation LMS provides," said Réjean Falardeau, Vice President, Information Technology, MCAP. "The loan management system enables us to automate many existing functions, through a single system. LMS Loan Suite will reduce the resources once needed to process and service loans, so we can focus more time and effort on our clients." According to MCAP, Canada's largest independent mortgage and equipment financing company with more than $30 billion of assets under administration, their decision to select SS&C's technology was based upon its proven ability to deliver a single, "end-to-end" solution, allowing a seamless process from the origination of a loan completely through servicing. "We are delighted to have MCAP join our group of financial services clients - a sector in which SS&C has more than 20 years of industry expertise," said Norm Boulanger, President and Chief Executive Officer, SS&C Canada, "The LMS suite is designed to specifically allow mortgage and financing firms to effectively consolidate their entire mortgage process through one system while providing a platform for potential growth." The SS&C implementation for MCAP, which includes LMS Loan Suite (LMS Originator and LMS Servicer) along with the installation of imaging enabled platform, developer toolkit, construction lending, and CMBS investor reporting capabilities. About SS&C Technologies
SS&C delivers investment and financial management software and related services focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost-effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) financial institutions, 5) municipal finance, 6) real estate property management 7) commercial lending and 8) corporate treasury. Additional information is available at http://www.ssctech.com. About MCAP
MCAP is Canada's largest independent mortgage and equipment financing company, with more than $30 billion in assets under administration. Operating in four key lines of business: residential mortgages, commercial mortgages, construction loans, and equipment financing, the company generates combined annual new asset production of over $10 billion. http://www.mcap.com Click here to view the French version in PDF format.
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