WINDSOR, Conn., Nov. 8, 2021 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that
American Equity Investment Life Holding Company ("American
Equity") (NYSE: AEL) will migrate its $5.4
billion commercial, agricultural and residential mortgage
loan portfolio to Precision LM™. SS&C's loan management
solution will automate loan servicing, operations and regulatory
reporting for the Des Moines,
Iowa, insurer.
"We were looking for a system to optimize loan management
operation," said Kyle Miller, V.P.,
Head of Investment Operations at American Equity Investment Life
Holdings. "Working with a world-class partner like SS&C will
allow us to streamline the full loan cycle, simplifying reporting,
document management and collaboration. Additionally, we were
impressed with the flexibility of the system, as we needed to
support a broad range of complex loans."
Precision LM will support multiple loan types for American
Equity, including 800 commercial mortgages and more than 2,000
residential loans. Further, the platform integrates with SS&C's
eCorrespondent platform to improve document collection and
collaboration with American Equity's multiple third-party
correspondent loan servicers.
"We are pleased to partner with American Equity's lending
business as it grows," said Stan
Szczepanik, Vice President, SS&C Technologies.
"We deliver consolidated and streamlined loan processing, reporting
flexibility, and better integration to downstream systems, so our
clients like American Equity can focus on growing their business.
In addition, we have built strong capabilities to elevate the
digital user experience for both borrowers and lenders on a single
platform."
There are more than 100 bank and non-bank lenders and servicers
using Precision LM to support their lending operations. Learn more
about Precision LM here.
About American Equity
American Equity Investment Life Holding Company, through its
wholly-owned subsidiaries, is a leading issuer of fixed index
annuities through independent agents, banks and
broker-dealers. American Equity Investment Life Holding
Company, a New York Stock Exchange listed company (NYSE:
AEL), is headquartered in West Des
Moines, Iowa. For more information, please
visit www.american-equity.com
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 18,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale, and technology.
Additional information about SS&C (Nasdaq:SSNC) is available
at www.ssctech.com.
Follow SS&C on Twitter, Linkedin and Facebook.
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SOURCE SS&C