Century Health & Housing Capital, LLC, a US-based provider of government-insured Federal Housing Administration (FHA) mortgage financing, has implemented SS&C Precision LM, SS&C’s loan servicing platform. SS&C Precision LM automates many loan servicing functions, including new loan onboarding, running amortisation schedules, setting up escrow and reserve accounts, escrow analysis, and generating monthly invoices. Century will use Precision LM to support its in-house servicing requirements for Ginnie Mae, including Reporting and Feedback System reporting, P&I and T&I reconciliation, and mortgage collateral reconciliation to outstanding securities. Century is a majority-owned subsidiary of NYSE-quoted Velocity Financial, Inc.
