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Patelco Credit Union selects SS&C’s commercial loan origination and servicing platform

US based Patelco Credit Union has chosen SS&C’s commercial loan origination and servicing platform, LMS Loan Suite, in order to simplify its commercial loan processes for customers.

The new tool will streamline and improve the origination and servicing process of commercial loan through communication and integration, while controlling risks.

LMS Loan Suite is a single database application offering a detailed loan history and audit trail from initial request to final disposition.

As a centralized and fully integrated platform, the suite increases efficiency by eliminating redundant data, reducing errors and lowering maintenance and operating costs.

Patelco Credit Union commercial and secondary market loans vice president Cory Schwab said the new system positions the company towards growth.

Established in 1936, Patelco Credit Union manages over $3.8bn in assets and serves 270,000 members across US, through a number of financial products and services.

Headquartered in Windsor and formed in 1986, SS&C offers investment and financial software-enabled services globally.