Bay View Bank Auto Finance Group Chooses APPRO's LoanCenter ASP For Automobile Finance Loan Automation.Business Editors BATON ROUGE Baton Rouge (băt`ən r  zh) [Fr.,=red stick], city (1990 pop. 219,531), state capital and seat of East Baton Rouge parish, SE La. , La.--(BUSINESS WIRE)--Oct. 31, 2001 ASP to provide nationwide access to real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. for Bay View staff APPRO Systems, Inc., the leading provider of automated credit risk management and financial technologies for the lending industry, announced today that Bay View Bank Auto Finance Group, the indirect auto finance platform of Bay View Capital Corp., and an operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. of Bay View Bank, has selected APPRO's LoanCenter(TM) ASP for automation of consumer auto loans. Bay View Bank Auto Finance Group is replacing a DOS-based system with the Windows(R)-based, LoanCenter for Consumer, which will go live in mid-October 2001. "APPRO's system appealed to us because it is based around a logical design, which is easy for training," said Mark Cornwell, SVP/director of marketing for Bay View. "In addition, the option of an ASP relieves Bay View from routine maintenance duties on the software and provides nationwide access to provide real-time information for our staff via the Internet, which is of key importance to us." LoanCenter enables consumer lenders to improve auto-decisioning processes and increase application origination efficiency while providing connectivity to most bankcard and loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. vendors, as well as the major document preparation vendors in the sector. "Bay View Bank's Auto Finance Group's selection of LoanCenter and its ASP option demonstrates the flexibility that our consumer loan automation system brings to lenders of all types and sizes," said Steve Uffman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of APPRO Systems, Inc. "Because of its nationwide presence, Bay View required a system that could not only handle high volumes, but also provide nationwide connectivity to the system for its staff, which is an optimal environment for LoanCenter to demonstrate its full range of capabilities." About Bay View Capital Corp. Bay View Capital Corporation is a commercial bank holding company headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. . The Company's principal subsidiary is Bay View Bank, a nationally chartered commercial bank which is the largest deposit franchise exclusively serving the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay with 57 full-service branches. Bay View offers a full array of retail and commercial banking products and services. For more information, or to locate the closest branch, call +1-800-BAY VIEW (+1-800-229-8439) or visit www.bayviewbank.com. About APPRO Systems, Inc. APPRO Systems, Inc. is the lending industry's leading provider of comprehensive, automated credit risk management and financial technologies for the Internet and traditional lending environments. APPRO supports more than 250 financial institutions, with customers of all types in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . The company provides rapid implementation time and follow-on consulting for its signature product, LoanCenter(TM), a scalable software system that enables high decision quality and speed and automates the entire workflow of processing credit applications and originating loans for lenders of all sizes. The 22-year-old company is based in Baton Rouge, La. with additional offices in Dallas, Texas. For additional information about APPRO, write to: APPRO Systems, Inc., 7173 Florida Blvd., Suite 100, Baton Rouge, LA 70806, or visit the company's Web site at www.approsystems.com. |
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