SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Q10|iCap Realty Advisors has selected SS&C’s Precision LM™ loan servicing and accounting solution to support its commercial loan portfolio which is growing in size and complexity.
Headquartered in Atlanta, Q10|iCap Realty Advisors is a privately owned, full-service commercial real estate mortgage banking company offering both origination and loan servicing capabilities. SS&C Precision LM will provide Q10|iCap with a single, integrated platform that will automate the full loan lifecycle, including origination, servicing (primary and shadow), accounting, and asset management. The solution will be used for all of the company’s commercial and multifamily products, complex participations and investor structures, and will automate key processes such as remittances, bank reconciliations, year-end reporting, and executive dashboards.
“In addition to the versatility of the Precision LM platform, we were extremely impressed with the expertise and proven track record of the SS&C organization,” said Alfie Means, Principal at Q10|iCap Realty Advisors. “Precision LM gives us a flexible, responsive system to provide our clients with innovative capital solutions, and will help us meet continually evolving business and regulatory requirements.”
Precision LM will streamline the month-end financial reporting process with real-time journal entries and an automated interface to Q10|iCap’s corporate general ledger. The system also supports multiple methods of automated payment processing, including primary servicing and shadow servicing.
“SS&C is focused on providing commercial real estate mortgage banking companies with a flexible, highly-responsive and feature-rich software platform to optimize their loan servicing operations,” said Stan Szczepanik, SS&C’s Vice President, Institutional and Investment Management. “We are committed to providing Q10|iCap with an automated, scalable, fully auditable software platform that will eliminate their reliance on spreadsheets, less capable systems, and manual workarounds.”