Cypress Software Systems Launches Mark IV Release 2.0; New Features Enhance Loan Origination Processes, Address New Regulatory Requirements.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. -- Cypress Software Systems, LP is introducing Release 2.0 of its flagship product 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, which is used by financial institutions to quickly and consistently process consumer loan applications. "Release 2.0 expands on all of the same user-friendly functionality that has quickly made Mark IV one of the industry's most successful application-processing software platforms," said Steve Sargent, Cypress president and 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. . "It incorporates many new features that have been requested from our growing user base, while ensuring that those community banks and other financial institutions are current with the latest regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. in their industry." 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. Sargent, some of the key features and functionality of Mark IV Release 2.0 include: --Ability to create flexible loan types - While Release 1.0 contained a set of eight pre-defined consumer loan products, Release 2.0 allows administrators to add, name and set deployment dates for an unlimited number of loan types unique to their institution. These new loan types are integrated with the institution's unique policy rules, procedures, industry or proprietary scorecard s and risk-based loan pricing matrices. --Email and notification enhancements - With Release 2.0, users now have an email forms button that allows for an attachment of Mark IV active reports in PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. format. Recipients can be selected from the Mark IV user's list, the new Mark IV contact manager/CRM feature and/or a Microsoft Outlook For the e-mail and news client bundled with certain versions of Microsoft Windows, see . Microsoft Outlook or Outlook (full name Microsoft Office Outlook contact manager. These tools improve the user's communications skills both within the institution and to external applicants. --Web ILink - Web ILink is a new tab that provides users with an embedded Inserted into. See embedded system. browser window to the Internet. Users have controlled access to look up collateral values, geocodes and other information from within Mark IV via the institution's Intranet or various external links. Users with administrative access can submit trouble tickets, review Cypress news and download software updates. Other new features include improved tools for managing an institution's policy exceptions, enhancements for managing relationship lending and support for dual- or triple-merged credit reports from the major credit repositories. Like Release 1.0, the new release of Mark IV allows lenders to take loan applications electronically while interviewing applicants, quickly retrieve credit reports, efficiently review sources of repayment, and deploy their loan policies. Cypress provides these tools to community and regional financial institutions with the goal of speeding a quality loan decision back to the applicant. About Cypress Software Systems Headquartered in North Richland Hills, Texas, Cypress Software Systems, LP is a leading developer of automated credit application decision support technologies. The company serves community and regional banks, finance companies and credit unions with loan application decision and tracking tools on par with those used by larger 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 . The Company's flagship product, Mark IV, is used by clients nationwide to quickly and consistently process consumer loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking applications from point of entry to point of decision. Web Site: www.go-cypress.com. |
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