GCC Servicing Systems claimed that its servicing platform G/SERV had automated all FAIB loan functions including loan set-up, cash management and regulatory reporting.

David Chin, vice president of FAIB, said: “Since we specialize in Fannie Mae loans and GCC has excellent experience with those loans, GCC was a good match for our needs. Their reporting capabilities and flexibility are also very important for our growing bank.”

Glenn Liebowitz, president of GCC, said: “FAIB serves one of NYC’s fastest growing markets so G/SERV’s scalability will help the bank’s future growth needs.”