Liberty Bankers Life Insurance Company (LBL) has deployed Princeton Financial Systems' PAM service to support its mortgage assets.
Liberty Bankers Life Insurance Company vice president Tina Lowe said the company's current platform did not provide the streamlined processes and extensive tool box that PAM for Mortgages offered.
Designed to streamline application that automates the accounting, management, and servicing of mortgage assets for institutional investors, PAM provides accurate, intraday updates and detailed reporting of the entire mortgage portfolio.
It also enables investors to respond to events that may impact value.
Princeton Financial Systems senior vice president Christian Farber said, "It will easily allow LBL to handle today's complex deal structures such as variable rate and tiered loans, workout structures, and multiple investors."