Commerce Bank Selects Solex to Provide Online Lending Solution.Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). Bank Increases RV and Marine Loan Decision Speed Through New Lending Portal IDAHO FALLS, Idaho Idaho Falls is the county seat and largest city of Bonneville County, Idaho, United States.GR6 As of the 2000 Census the population of Idaho Falls was 50,730, with a metro population of 116,980. (2006 estimate: 52,786)[1]. -- Solex, an online lending solution, announced today that Kansas City, Mo.-based Commerce Bank (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CBSH), has committed to use Solex to provide an online lending solution that will streamline the loan process with RV and Marine industry dealers, enabling immediate loan decisions. The Solex solution is unique in that it is designed specifically for the consumer-lending marketplace and can effectively connect lenders and dealers through the Web, providing dealers with instant financing options and compliant loan documents. It is a strategic tool for companies like Commerce Bank, because it reduces the loan process time for dealers and increases the likelihood of providing pre-qualified and profitable loans to customers. As a result, Solex enables lenders and dealers to make each sales transaction as cost-effective as possible. "Solex's design and functionality is based on proven loan automation expertise. Lenders that can connect with dealers quickly and effectively will gain a sizeable advantage within the marketplace," said Ty Jenkins, 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 Solex, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . "Solex is designed around research to ensure that the loan process is efficient as possible." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Commerce Bank executives, the company wanted an online lending solution that was scalable for use in RV and Marine dealerships across 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. . Commerce Bank selected Solex primarily because their solution can maximize operational efficiency and provide a better customer experience with the loan process. "Solex's online lending technology automates and ensures lending compliance and document tracking, which will give dealers an incentive to come to us for RV and Marine loans, enhancing our revenue stream," said Gary Thomas, vice president of Dealer Financial Services for Commerce Bank. "Additionally, it will increase the productivity and customer service of our staff." About Commerce Bank Commerce Bank is the principal subsidiary of Commerce Bancshares, Inc. (NASDAQ:CBSH), a $15.2 billion regional bank holding company. For more than 140 years, Commerce has been meeting the financial services needs of individuals and businesses. Commerce provides a diversified line of financial services, including business and personal banking, wealth management and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the and investments through its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . Commerce currently operates in approximately 360 locations throughout the Midwest, primarily in Missouri, Illinois and Kansas. Commerce also has operating subsidiaries involved in mortgage banking, credit related insurance, venture capital and real estate activities. For additional information, please visit www.commercebank.com or email mymoney@commercebank.com. About Solex Solex is an online lending solution designed for dealerships to provide Finance and Insurance (F&I) managers with instant loan approvals and compliant loan documents. Solex connects dealers, credit bureaus and lenders in a seamless integration to provide multiple financing options within seconds. All loan documents are guaranteed to be in compliance with lender and state guidelines and are compatible with all laser printers. Additional information about Solex is available online at www.solex.com. |
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