HAUPPAGE, N.Y. (1/10/12)--TCI, Hauppage, N.Y., has sold its background screening and credit accessing portal products to SS&C Technologies Holdings Inc., Windsor, Conn.
TCI said it made the sale so it can concentrate on its loan origination solution--DecisionLender--which generated the majority of its revenue in 2011.
SS&C, a global provider of financial services software and software-enabled services, added AddressScreener, CreditScreener, My Credit Screener, Tenant/Employment Screener and FraudScreener to its existing services.
TCI was founded in 1982 as a distributor of Telex terminals, a teleprinter used for business communications. With the evolution of the digital communication age, TCI began offering Internet-based products or software as a service.
Today, more than 300 financial institutions, including credit unions, are using DecisionLender, a loan origination solution that manages workflow, pulls credit reports and analyzes applications.