PRINCETON, N.J.--(BUSINESS WIRE)--Princeton Financial Systems, a global leader in providing accounting, compliance and reporting solutions to the investment industry, today announced that Liberty Bankers Life Insurance Company (LBL) has signed on to its PAM for Mortgages solution for the servicing of their mortgage assets.
PAM for Mortgages is a streamlined application that automates the accounting, management, and servicing of mortgage assets held by institutional investors. It gives investors accurate, intraday updates and detailed reporting on their entire mortgage portfolio - allowing users to proactively respond to events that may impact value.
“We needed a system that had effective and efficient navigation functionality and easy report producing capabilities. Our current platform did not provide us with the streamlined processes and extensive tool box that PAM for Mortgages offers," said Tina Lowe, Vice President of Liberty Bankers Life Insurance Company. “We look forward to harnessing the platform to continually provide our clients with the best possible product available,” noted Tina Lowe.
Christian J. Farber, Senior Vice President of Princeton Financial Systems, stated, “PAM for Mortgages was written by mortgage professionals, for mortgage professionals. It will easily allow LBL to handle today's complex deal structures such as variable rate and tiered loans, workout structures, and multiple investors. We look forward to working with LBL during their implementation and continuing our success with the PAM for Mortgages platform.”
About Liberty Bankers Life Insurance Company
Liberty Bankers Life (LBL) is known as one of the nation’s premier annuity providers. Incorporated in 1958 under the name of Pilgrim Life Insurance Company of America, then re-domiciled to LBL, an Oklahoma corporation in 2004. In 2011 LBL separated from its parent company and is now owned entirely by a Texas holding company, Liberty Life Group Trust. LBL offers 17 different annuity products and traditional life products through more than 4,000 agents and sales operations in over 46 states, including the District of Columbia; with total assets exceeding $1.6 billion. National Underwriter Magazine consistently ranks LBL in the top 100 companies offering Annuities and Life products in the United States.
In addition to Annuities and Life products, LBL maintains a portfolio of mortgage loans secured by high-quality, income-producing real estate. LBL maintains a diverse real estate portfolio including, offices, multi-family dwellings, industrial, retail space, development projects and residential homes. LBL recognizes the value of long-term lending relationships. Their experienced real estate professionals have developed an efficient due diligence process that allows loan transactions to be underwritten in a more timely manner than many major lenders. Moreover, after the loan is made, their lenders and servicing team continue to provide personalized account management and forge positive long-term relationships.
About Princeton Financial Systems
Princeton Financial Systems, a State Street company, is a leading provider of investment accounting, investment compliance, data management, performance measurement, and reporting solutions to the global investment industry. Our solutions are used worldwide by over 430 leading investment managers, custodians, insurance companies, pension funds, hedge funds, and banks in more than 40 countries.
Our PAM family of systems are leading international investment accounting solutions that support the accounting needs of +370 clients around the globe. Seven of the world’s biggest global custodians monitor investment compliance with MIG21 powered by its LawCards suite of rule libraries for global compliance.
Princeton Financial Systems, headquartered in Princeton, NJ, has offices located throughout the United States, Canada, France, Germany, the Netherlands, Switzerland, the United Kingdom, Malaysia, and Singapore.
For more information, visit Princeton Financial Systems’ website at www.pfs.com.