Patelco Credit Union Simplifies Its Commercial Loan Processes With SS&C's LMS Loan Suite

Tue Dec 4, 2012 9:00am EST

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WINDSOR, Conn., Dec. 4, 2012 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced Patelco Credit Union selected SS&C's commercial loan origination and servicing platform, LMS Loan Suite™.

Communication and integration throughout the origination and servicing process is a key differentiator and LMS Loan Suite's unique capabilities will be fully utilized to streamline and enhance these processes.

"We have had an excellent pre-sale relationship with SS&C to understand and gain confidence in the application," said Cory Schwab, Vice President of Commercial and Secondary Market Loans for Patelco. "The support staff and implementation team have the expertise and experience to ensure a successful implementation. LMS Loan Suite allows us to configure the platform, making our processes far more efficient and positions us for growth."

"This is further proof of our strong reputation in the credit union market space, having been chosen by one of the industry's largest purchasers of loan and loan pools, Patelco," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.

About Patelco Credit Union

Founded in 1936, Patelco Credit Union ranks among the largest credit unions in the nation and is the fifth largest in California, with more than $3.8 billion in assets and 270,000 members nationwide. Throughout its 76-year history, Patelco has helped its members and their communities prosper through volunteer initiatives and personalized service that focus on transparency, simplicity in banking, and garnering trust. Patelco is a federally insured, not-for-profit, full-service credit union that offers the same types of products and services as large banks. Membership in Patelco is free and open to everyone. For more information, visit Patelco Credit Union at www.patelco.org.

About SS&C Technologies

SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 5,500 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.

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