Precision LM to support $2.4 billion loan management portfolio
WINDSOR, Conn., October 26, 2022 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Precision LM will back the sophisticated American company of A10 Capital $2.4 billion loan management portfolio consisting primarily of real estate loans.
A10 Capital is a lead and special purpose manager specializing in the origination and processing of commercial real estate loans, such as direct bridge loans with complex financing structures and long-term permanent loans. A10 adopted SS&C’s Precision LM as its direct lending, loan management, and asset management platform to meet unique business needs and improve the borrower experience. The commercial real estate lender is currently underway with SS&C’s robust implementation process, which focuses on maintaining customers’ existing day-to-day business flows while maximizing returns and streamlining business processes.
“SS&C has demonstrated its commitment to A10 by providing implementation expertise to integrate its leading Precision LM solution,” said Jamie Berenger, Chief Operating and Credit Officer of A10 Capital. “Innovative technology is paramount for A10 to provide the best service to our borrowers with easy to navigate portals and improved workflow efficiency.”
SS&C Precision LM’s loan management platform provides an integrated all-in-one solution for origination, servicing and asset management, investor accounting and reporting, and borrower self-service for a full loan lifecycle management.
“SS&C is delighted to have A10 Capital in its growing list of valued clients. We are committed to providing all customers from the first contact through to the entire partnership,” said Stan Szczepanik, Vice President of SS&C Technologies. “As an independent, innovation-driven technology company, SS&C understands our customers’ unique challenges and delivers a tailored solution with Precision LM.”
About A10 Capital
Founded in Boise, Idaho in 2007, A10 Capital is a permanent, full-service, vertically integrated commercial real estate lender. The company focuses on financing $5 million up to $50M+ per property and loan portfolio up to $200 million at national scale. A10 originates and manages all loans internally by A10.
A10 Capital obtains loans directly from borrowers and through the best mortgage bankers in the country.
Since its inception, A10 has funded over 550 individual transactions, totaling more than $5.3 billion in bridge loans and senior secured permanent loans in 40 US states.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the largest global enterprises to small and midsize enterprises, rely on SS&C for their expertise, scale and technology.
Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.
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