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Velocity Commercial Capital selects SS&C to automate loan/securities portfolio accounting.

M2 EQUITYBITES-August 22, 2018-Velocity Commercial Capital selects SS&C to automate loan/securities portfolio accounting

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Financial services software services provider SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) has announced that Velocity Commercial Capital, LLC has signed a multi-year agreement with SS&C Primatics' EVOLV platform, the company said.

EVOLV will help Velocity transform its financial operations and capitalize on growth opportunities in a controlled environment. Velocity, a direct portfolio lender, provides investment property loans for residential 1-4, multi-family, mixed-use and small balance commercial properties.

Velocity Commercial Capital, Inc. is a portfolio lender to real estate investors and small business owners nationwide through its Velocity Mortgage Capital division. Velocity actively manages over USD 1 billion in commercial real estate loans and securitized assets.

SS&C Technologies is a global provider of investment and financial services and software for the global financial services and healthcare industries.

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Publication:M2 EquityBites (EQB)
Date:Aug 22, 2018
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