Cypress Software Unveils BizMark Mobile Module for Its Small Business Loan Automation Platform.Offline Application Entry Tool Lets Loan Officers Create, Edit Loan Applications in the Field 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 today launched BizMark Mobile, an offline application entry module for the company's BizMark small business loan automation platform. The mobile software tool allows loan officers to create and edit applications while in the field and away from the primary BizMark system. "With BizMark Mobile, any bank, credit union or other financial institution that uses our BizMark product can remotely capture application entry data offline, and later re-sync that information with the main database server," said Stephen G. Sargent, president and chief executive officer of Cypress Software Systems. "The module brings flexibility and agility to an institution's small business lending operations, while providing increased customer convenience and satisfaction." Before leaving their office, BizMark Mobile users download existing applications from the BizMark database to a laptop Same as laptop computer. laptop - portable computer running the offline application entry tool. In the field, the user revises and inputs customer information as needed as needed prn. See prn order. . When the loan officer returns to the branch, the updated application(s) are uploaded to the BizMark system for further review and 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. . 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. 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 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. solution for community banks with assets of $200 million or less. Web Site: www.go-cypress.com. |
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