Plans to expand its outsourcing and loan servicing to the general corporate syndicated loan market
Capmark, a provider of financial services to banks and investors in commercial real estate-related assets, has invested in a hosted technology platform from Misys, a provider of application software and services, to expand its outsourcing and loan servicing to the general corporate syndicated loan market.
To strengthen its operations, Capmark has licensed modules for full agency servicing across its operations in London, Dublin and Hyderabad, said Misys.
Robbie Hughes, managing director for Capmark in Europe, said: Existing Capmark clients are now interested in a value-added loan agency service to handle their corporate and syndicated loans. The Misys solution together with our existing infrastructure will give us immediate capability to deliver a service which will meet the requirements and challenges faced by the banks.
Dermot Briody, regional director for Misys in Europe, said: The ability to change is a competitive differentiator in market conditions like these and building Misys Loan IQ into the framework of this new service should yield many benefits for Capmark and the new demands of our clients. They have a global infrastructure and processes in place and a proven track record of delivering superior loan administrative service.