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MHDC will deploy CAMRA as its core accounting and record-keeping system to support and track the agency's US $1.2 billion fixed income portfolio consisting of mortgage-backed securities pools. MHDC will leverage CAMRA's interface with its custodian and perform evaluations of its investments.
"As the size and related complexity of our MBS business has grown, we want to move off our current spreadsheet-based process and find an integrated and streamlined portfolio management and accounting solution," said Marilyn Lappin, director of finance, Missouri Housing Development Commission. "We chose SS&C for their proven technology and expertise in the area of fixed income portfolio management. CAMRA was the solution that could provide the portfolio valuation and in-depth reporting we needed."
"MHDC serves a critical need in today's tough economic times," said Bill Stone, chairman and chief executive officer, SS&C Technologies. "To help fulfill its mission, the commission's operational infrastructure must be efficient and cost-effective. We are proud that SS&C can make a contribution to this goal through the implementation of our software solutions."
About Missouri Housing Development Commission (MHDC)
MHDC is an instrumentality of the state of Missouri, which constitutes a body corporate and politic. It is governed by a board of directors that includes the governor, lieutenant governor, attorney general, treasurer and six commissioners appointed by the governor with the advice and consent of the Senate. The commission makes funds available for rental housing developments, preservation of affordable rental housing, home mortgages, home improvement loans, grants to neighborhood housing groups and other housing programs. MHDC functions as a bank, providing financing directly to developers or through a network of private lending institutions.
About SS&C Technologies
SS&C delivers investment and financial management services and software focused exclusively on the financial services industry. By leveraging expertise in common investment business functions, SS&C cost effectively serves clients in the different industry segments, including: 1) insurance entities and pension funds, 2) institutional asset management, 3) hedge funds and family offices, 4) treasury, banks and credit unions 5) municipal finance, 6) real estate property management, 7) commercial lending and 8) financial markets. Additional information is available at www.ssctech.com.
SOURCE: SS&C Technologies, Inc.
SS&C Technologies, Inc. Patrick Pedonti, +1-860-298-4738 Chief Financial Officer InvestorRelations@sscinc.com
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