Commercial real estate lender CoreVest is implementing Precision LM loan management software from SS&C Technologies Holdings Inc. to improve automation and operational efficiency, streamline data access and reporting, and reduce risk.
Precision LM supports a broad range of complex commercial loan types, including term loans, bridge loans (fixed, floating and adjustable-rate), construction loans, and model home leasing loans. In addition, Precision LM automates the loan lifecycle, from loan onboarding through shadow and real-estate owned (REO) servicing and accounting.
“CoreVest is committed to investing in technology to scale our business and enhance the client experience,” says Christopher Hoeffel, president of CoreVest. “Automation around our loan accounting and reporting processes will improve data flow and save significant time.”
CoreVest focuses on providing long-term loans for stabilized rental properties, as well as short-term bridge loans, investment credit lines and build-for-rent programs.