National Western Life Selects SS&C for Loan Servicing and Accounting Automation
Texas-Based Life Insurer With a Growing Portfolio of Commercial Mortgages to Implement Cloud-Based Precision LM to Support Next-Generation Loan Servicing and Accounting
SS&C Technologies Holdings, Inc. announced that National Western Life Insurance Company will implement SS&C’s cloud-based Precision LM software to support its commercial loan servicing operations.
“SS&C has an exceptional team with expertise that proved to be the right fit for our firm as we scale up our commercial mortgage investments,” said Beverly Hamaker, Mortgage Loan Manager at National Western Life. “We have a positive outlook over the next five years, and with Precision LM, we believe we can provide enhanced support, reporting, and an overall lending experience for our borrowers.”
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National Western Life chose SS&C Precision LM for its flexibility, support for complex loan products, and superior servicing capabilities. National Western Life was looking for a solution to support bespoke loan terms and provide key portfolio analytics. SS&C is the partner of choice for more than 50 percent of the top 40 life insurance companies investing in commercial mortgages.
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“We are excited that National Western Life is joining our large insurance client base and look forward to helping them solve complex challenges as their lending business grows,” said Stan Szczepanik, Vice President at SS&C Technologies. “We understand how important it is for our clients to have transparency into their loan portfolio data in order to make key business decisions, and we are committed to continuously enhancing and reinvesting in our software to put useful information, reports and analytics at their fingertips”
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