SS&C to introduce REIT servicing group 25 April 2014Connecticut Reporter: Stephen Durham
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SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, today announced the establishment of its real estate investment trust (REIT) servicing group. The solutions and services team will provide multiple services to the REIT market.
The new servicing group’s focus is on the expanding area of Residential Mortgage-Backed Securities (RMBS) and Commercial Mortgage-Backed Securities (CMBS).
“Mortgage REITs have traditionally struggled to manage accounting and reporting and often rely on manual processes”, said Josh Brown, senior director of technical accounting and REIT solutions, SS&C technologies.
“With our recent sales momentum, the growth of RMBS and CMBS investments, and the establishment of our REIT servicing group, we can help Mortgage REITs be better equipped to produce fully auditable accounting and reporting processes and eliminate the use of spreadsheets.”
SS&C’s REIT servicing offering includes operational assessments, comprehensive audit capabilities, fixed income and trading, collateral management and MBS portfolio management, accounting and reporting.
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