Chrysalis Financial opts for Precision LM 12 August 2015Windsor, Connecticut Reporter: Stephanie Palmer
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Financial services company Chrysalis Financial has mandated SS&C’s Precision LM cloud-based commercial loan management suite, as it looks to extend its lending platform.
SS&C’s loan orientation and servicing solution is intended to modernise operations, helping clients to manage pre-qualifying loan requests, processing applications, commitment processing, loan disposition, servicing and accounting. It also features a secure web portal allowing borrowers to safely access loan information.
Chrysalis manages all stages of the lending process, including orientation, due diligence, underwriting, funding, servicing and debt securitisation. The partnership aims to improve transparency and increase levels of automation as the lending platform grows.
Chad Keller, chief of bank operations for Chrysalis, said: “With SS&C’s Precision LM, we will be able to accelerate productivity through a best-in-class user experience, greater automation and speed, enhanced transparency, and improved control and security.”
Bill Stone, chairman and CEO of SS&C Technologies, added: “Over the last few years, we have seen significant shifts in the business challenges facing commercial lenders as they manage their growth. To help address many of these challenges, lenders are increasingly adopting cloud-based solutions. The cloud enables our customers to scale while maintaining low acquisition costs."
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