SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced that Walker & Dunlop has selected SS&C as a technology and services partner to deliver a highly-automated solution for loan servicing, asset management, insurance compliance, document management and investor reporting. This partnership reinforces SS&C's commitment to the agency/multifamily market.
SS&C will provide cloud-based software and outsourcing services including Precision LM for loan servicing, and AWD, an enterprise business process management system, which combines automation, workforce optimization and digital transformation for insurance compliance and renewals. SS&C's integrated solution supports a broad range of commercial/multifamily loan programs, such as Freddie Mac (including Freddie K securitizations), Fannie Mae, HUD, Bridge, Life Company and more.
Since 1937, Walker & Dunlop has specialized in providing customized financing solutions to owners and operators of commercial real estate properties across the United States. As of June 30, 2018, Walker & Dunlop was the seventh largest commercial mortgage servicer in the United States, with a servicing portfolio that totaled $77.9 billion. In 2017, Walker & Dunlop was the number one Fannie Mae DUS Lender1, number two GSE Lender2, number three Freddie Mac Multifamily Approved Seller/Servicer3 and number four HUD Multifamily Lender4.
"We were looking for a strategic partner that was nimble, responsive and aligned with our vision of leveraging technology to drive growth and innovation," said Jim Schroeder, Senior Vice President, Loan Servicing, Walker & Dunlop. "SS&C invested significant time with our team to develop an in-depth understanding of our business and requirements. They delivered a comprehensive loan servicing solution with the flexibility to outsource select functions to optimize operational efficiency and scale."
"Our ability to offer proven loan servicing software like Precision LM with expert outsourcing services and complimentary technologies such as AWD, uniquely positions SS&C as a strategic partner for large, complex servicers like Walker & Dunlop," said Rahul Kanwar, President and Chief Operating Officer, SS&C Technologies. "SS&C's continual focus on innovation allows our clients to take advantage of the latest available technologies to remain competitive."
About Walker & Dunlop
Walker & Dunlop (NYSE: WD), headquartered in Bethesda, Maryland, is one of the largest commercial real estate services and finance companies in the United States providing financing and investment sales to owners of multifamily and commercial properties. Walker & Dunlop, which is included in the S&P SmallCap 600 Index, has over 650 professionals in 29 offices across the nation with an unyielding commitment to client satisfaction.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 13,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
