For Immediate Release
WoodmenLife Selects SS&C to Streamline Loan Administration and Accounting
SS&C continues to grow client base of commercial lenders and servicers with addition of leading Omaha-based life insurance company
WINDSOR, CT, May 14, 2019 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), today announced that WoodmenLife selected SS&C’s cloud-based Precision LM software to enhance the reporting and portfolio management of its $2 billion commercial mortgage loan portfolio.
Headquartered in Omaha, NE, WoodmenLife is a not-for-profit firm providing life insurance and retirement products to its nearly 700,000 members. WoodmenLife sought a technology partner committed to serving the commercial mortgage sector offering a modern, user-friendly solution to enhance its growing commercial loan business. One of WoodmenLife’s top requirements was to align with a proven vendor with a strong track record of excellent service.
“At WoodmenLife, it is important for us to find a solution to keep pace with our significant increase in commercial loans. We’re excited to implement SS&C’s Precision LM for the administration and accounting of our commercial mortgage loan investment portfolio,” said Tim Reinert, Director of Accounting at WoodmenLife. “Precision LM will enable us to streamline processes, enhance efficiency and use state-of-the-art technology enhancing all mortgage loan related functions.”
“Our customer support and technology innovation helps us attract and retain leading commercial lenders like WoodmenLife,” said Stan Szczepanik, Vice President, SS&C Technologies. “While a number of legacy loan solution providers are stopping development, SS&C continues to reinvest in its products, services and people to help our clients grow and operate more efficiently.”
WoodmenLife was founded in 1890 as a not for profit. The organization gives back to its nearly 700,000 members, who join together in a shared commitment to family, community and country. With a legacy of financial stability, WoodmenLife offers quality life insurance and retirement products. To learn more about the organization, visit www.WoodmenLife.org.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
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