A new Credit Union Service Organization (CUSO), Rhyze Solutions,
LLC, selects SS&C's next-generation technology for its
commercial real estate loan servicing operation.
WINDSOR,
Conn., Feb. 1, 2024 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced Rhyze
Solutions, a Credit Union Service Organization (CUSO), has
selected SS&C to help manage its growing commercial real estate
loan portfolio.
By leveraging Precision LM™ loan origination and servicing
software with EVOLV™, Rhyze is poised to scale its commercial real
estate loan origination, servicing, and capital markets operations.
Precision LM™ will serve as the cornerstone, providing seamless
support for pipeline tracking, loan servicing, accounting, asset
management, and regulatory reporting. Meanwhile, EVOLV™, a dynamic
software and services platform, will take the helm in managing the
intricate demands of reserving, risk assessment, and credit
reporting for all cash-flow-based financial instruments. EVOLV
offers three optional components for CECL &
Reserving, Credit Analytics and Stress Testing,
and Accounting.
"We were impressed by SS&C's technological capabilities,
dedicated service team, and industry expertise. SS&C stood out
as the clear choice to serve our needs, as we launched the
commercial real estate asset class on our capital markets
platform," said Cory Schwab, Chief
Operating Officer at Rhyze Solutions. "Precision LM and EVOLV are
robust and scalable solutions that will support the Rhyze capital
markets platform with an efficient workflow. SS&C's commitment
to innovation and excellence aligns perfectly with the Rhyze
quality standards."
Rhyze Solutions expects the cloud-based systems to complement
the growth of their capital markets platform, while maintaining a
priority for information security and risk management.
"SS&C is committed to providing innovative software and
value-added services to loan servicers and Credit Union Service
Organizations," said Kevin Tynan,
Managing Director at SS&C Technologies. "This
industry is evolving with increasingly complex stakeholder
expectations. With our deep domain expertise and superior
technology, we are committed to simplifying loan management and
CECL requirements for clients."
Learn more about Precision LM here. Learn more about EVOLV
here.
About Rhyze Solutions
Rhyze Solutions (www.rhyze.com) is a Credit Union Service
Organization (CUSO) headquartered in Wilmington, Delaware, United States. Rhyze Solutions is a capital
markets company leveraging loan products, services, and advanced
technology to optimize the sources and uses of liquidity within its
extensive network of financial institution partners.
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 20,000
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 X, LinkedIn and Facebook.
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SOURCE SS&C