Anworth Mortgage Asset Corporation Selects SS&C for Comprehensive REIT Software and Accounting Services
WINDSOR, Conn., Aug. 17, 2017 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of financial services software and software-enabled services, today announced that Anworth Mortgage Asset Corporation ("Anworth") has selected SS&C to streamline its trading, investment accounting, and financial reporting operations through a combination of specialized REIT software and outsourced accounting services.
Based in Santa Monica, California, Anworth is a publicly-traded mortgage REIT company (NYSE: ANH) whose principal business is to invest 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 a highly automated and controlled infrastructure to achieve straight-through-processing. This partnership will also give Anworth continued access to a dedicated group of mortgage REIT accounting professionals, and the ability to leverage SS&C's continued reinvestment in mortgage REIT enhancements.
"SS&C is providing us with a comprehensive and fully-integrated process from trade capture up to the general ledger," said Lloyd McAdams, Anworth' Chairman and Chief Executive Officer. "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 from trade entry through to financial reporting. The automation and expertise SS&C deploys will give us the flexibility to scale as our business grows and as we invest in new, complex asset classes."
SS&C leads the industry in meeting the specialized accounting, reporting, and operational needs of mortgage REITs. SS&C's offerings ranges from consulting on operational controls and best practice financial reporting environments, to designing highly-responsive and cost-effective solutions comprised of best-in-class software and outsourced accounting services. SS&C's REIT Services Group supports the investment accounting and reporting needs of a growing client base of more than 20 publicly-traded mortgage REITs.
"As a public company since 1998, Anworth is a highly regarded leader in the mortgage REIT industry. We are honored that they have entrusted SS&C to support their operations. We continue to deliver superior functionality that positions our mortgage REIT clients with a systemic, controllable, and auditable process," said Stan Szczepanik, Vice President of SS&C's Institutional & Investment Management Group. "The mortgage REIT market is a strategic focus for SS&C, and we continue to make significant advances in supporting a broad range of complex asset classes, including Agency & Non-Agency MBS, Commercial and Residential Whole Loans, Mortgage Servicing Rights (MSR), Servicer Advances, and Real Estate Owned assets (REO)."
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 11,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Additional information about SS&C (NASDAQ: SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook. The SS&C Technologies logo is available at www.globenewswire.com/newsroom/prs/?pkgid=8587
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