Anworth Mortgage Asset Corp., a publicly traded mortgage REIT, has selected SS&C Technologies Holdings Inc. to streamline its trading, investment accounting and financial reporting operations through a combination of specialized REIT software and outsourced accounting services.
Anworth invests in agency and non-agency mortgage-backed securities (MBS) and residential mortgage loans. SS&C will provide Anworth with cohesive trade capture through financial statement support and preparation, and an automated and controlled infrastructure to achieve straight-through processing. The partnership will also give Anworth continued access to a dedicated group of mortgage REIT accounting professionals.
“SS&C is providing us with a comprehensive and fully-integrated process, from trade capture up to the general ledger,” says Lloyd McAdams, Anworth’s chairman and CEO. “SS&C’s REIT experts took the time to understand our accounting and reporting requirements to ensure that our end solution allowed for single point of data entry and a cohesive flow of information.”
SS&C says its REIT Services Group supports the investment accounting and reporting needs of more than 20 publicly-traded mortgage REITs.