Automated Financial Systems Partners With Bedrock Servicing to Enhance Private Credit Solutions

AFS and Bedrock Servicing Partnership

In a significant development within the financial services industry, Automated Financial Systems, Inc. (AFS) has announced its role as the lead investor and commercial partner of Bedrock Servicing, Inc. This partnership is poised to reshape the landscape of loan servicing by leveraging AFS’s state-of-the-art technology platform, AFSVision®.

Bedrock Servicing, a dedicated commercial loan servicing platform, is at the forefront of catering to the burgeoning private credit and asset management markets, valued at approximately $3 trillion. The recent announcement of Bedrock's successful completion of a private placement of preferred stock, raising a commendable $2.5 million, underscores the company’s commitment to growth and service enhancement. This capital infusion is set to drive innovative solutions that align with the increasing complexities and needs of the private credit landscape.

Hernan Hernandez, CEO of Bedrock Servicing, remarked on the capital raise, stating, "This capital raise reflects our continued commitment to support our clients, enhance our industry-leading technology platform, and supercharge our growth objectives." This statement highlights a strategic focus on delivering bespoke solutions tailored for the unique requirements of a rapidly evolving market.

AFS has built a stellar reputation over the decades, providing essential loan management and accounting solutions to a host of financial institutions. By investing in Bedrock, AFS reaffirms its dedication to fostering technological innovations that will improve operational efficiency and elevate customer service standards significantly.

Rick Bare, the CEO and President of AFS, expressed enthusiasm about this partnership: "We are excited to partner with Bedrock Servicing, Inc., embracing their mission to deliver exceptional loan servicing solutions specifically tailored for the private credit market. Our commitment underscores our dedication to enhancing service quality, providing customer excellence, and fostering innovation in this dynamic sector." This underlines AFS's strategy to integrate its advanced technological capabilities with Bedrock’s mission, ultimately enhancing the customer experience.

In close collaboration, AFS and Bedrock aim to streamline processes and develop effective solutions that address the pain points prevalent in the current loan servicing environment. The partnership is not only about financial backing; it's about a shared vision and expertise that can redefine efficiency and reliability within the private credit sector. By integrating the robust functionalities of AFSVision® with Bedrock's unique service offerings, the two companies plan to create a synergy that captures the essence of modern service delivery and customer satisfaction.

Furthermore, as the private credit market continues to expand, the combination of AFS's technological prowess and Bedrock's specialized services positions them favorably against competitors. The duo is determined to lead by example, showcasing how strategic partnerships can contribute to the evolution of financial services.

In summary, the collaboration between Automated Financial Systems, Inc. and Bedrock Servicing, Inc. stands as a testament to the innovative approaches that are essential in today’s financial landscape. With a clear roadmap set out for growth and service enhancement, both companies are well-equipped to meet the demands of a changing market, ensuring they remain at the cutting edge of commercial loan servicing. For further information about their services, visit Bedrock Servicing and AFS.