Centier Bank Automates Small Business Loan Application Process with Cypress Software's BizMark.NORTH RICHLAND HILLS, Texas North Richland Hills is a city in Tarrant County, Texas, United States. The population was 55,635 at the 2000 census. In 2006, North Richland Hills was selected as the one of the "Top 100 Best Places to live in America" according to Money magazine. -- Centier Bank of Merrillville, Ind. has selected Cypress Software Systems LP's BizMark software to automate the bank's small business loan application process. The solution went live in Centier's nine commercial lending locations in February 2006. The bank holds more than $1.5 billion in assets, with 43 branches and 550 employees across northern Indiana Northern Indiana is the region of Indiana including 26 counties bordering parts of Illinois, Michigan, and Ohio. The area is generally sub-classified into other regions. The northwest is economically and culturally intertwined with Chicago, and is considered part of the Chicago . "At Centier, we focus on building customer relationships, and we were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a software solution that would streamline our small business lending process, provide faster decision turnaround and ultimately increase customer service. BizMark achieves those goals," said John Misiora, vice president/manager, installment loan Noun 1. installment loan - a loan repaid with interest in equal periodic payments installment credit consumer credit - a line of credit extended for personal or household use loan - the temporary provision of money (usually at interest) production at Centier Bank. "BizMark is better than any commercial lending software we've evaluated. It brings consistency and control to our underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. process, and offers a user-friendly interface for our employees." BizMark processes small business loan applications, and is based on a Cypress-delivered .NET/Microsoft SQL Server An earlier relational DBMS from Sybase and from Microsoft. Sybase introduced SQL Server in 1988 for various Unix versions. In that same year, with help from IBM, Sybase created an OS/2 version that Microsoft licensed and branded as Microsoft SQL Server. platform. It runs in a customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) environment, enabling lenders to take credit requests including principal and financial statement data; retrieve and interpret consumer and business credit reports; perform ratio analysis; and score the results. The software handles small business commercial credit requests for lines of credit, term loans, commercial mortgages, corporate leases and corporate credit cards. "BizMark makes the small business lending process more efficient by eliminating a bank's cumbersome manual processes, cutting the cost of origination and helping institutions better comply with regulations," said Stephen G. Sargent, president and chief executive officer of Cypress Software Systems. "Centier has been a big supporter of our Mark IV consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. software, and we look forward to meeting their small business lending needs with BizMark." Centier Bank was founded in 1895 by Henry Schrage in Whiting, Ind. More than a century later, Centier has grown and remains an independent, family-owned and family-managed institution. Centier's central mission is to provide hometown banking by building relationships with families, businesses and communities of northern Indiana. About Cypress Software Systems Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems, LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in . Clients, nationwide and in 16 countries, use the company's flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $200 million or less. Web Site: www.go-cypress.com. |
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