Peoples First Community Bank Selects The Credit Network To Provide Credit Reporting Services Via the Internet.
FRAMINGHAM, Mass.--(BUSINESS WIRE)--July 23, 2003
iTCN platform streamlines lending and enhances services for
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The Credit Network (TCN TCN Tetracycline
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TCN Transaction Control Number ), a national mortgage credit reporting service provider, announced that Panama City Panama City, city (1990 pop. 34,378), seat of Bay co., NW Fla., on St. Andrews Bay; inc. 1909. A Gulf Coast resort with amusement parks and excellent fishing, it is also a port of entry. The city's industries produce paper, clothing, and chemicals. , Fla.-based, Peoples First Community Bank has chosen the company's Web-based iTCN system as its credit services reporting platform.
The bank selected TCN to provide credit reports because the company's iTCN credit reporting platform streamlines the process for loan officers, and easily merges into Dynatek's MORvision, the loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page. software (LOS LOS Length of stay, see there ) used by the bank. Implementation began in October 2002 and within one month, Peoples First Community Bank's loan officers were successfully using the platform to access credit reports.
"With our previous credit report provider, loan officers had to manually input the borrower's data from the credit reports into our LOS," said Martha Murphy, vice president of Peoples First Community Bank. "We worked with TCN to seamlessly integrate iTCN with Dynatek's MORvision, so information is exported automatically. Now, loan officers save 10 minutes per loan and reduce the chances for typing errors typing error n → faute f de frappe
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In addition, iTCN enables Peoples First Community Bank's loan officers to better serve Hispanic customers through TCN's Spanish language Spanish language, member of the Romance group of the Italic subfamily of the Indo-European family of languages (see Romance languages). The official language of Spain and 19 Latin American nations, Spanish is spoken as a first language by about 330 million persons credit reports. These reports eliminate translation errors and provide an increased level of comfort to Spanish speakers who are applying for a loan.
"iTCN was designed to meet the specific needs of lenders like Peoples First Community Bank, which require a credit reporting platform that exports data directly into an LOS, helps loan officers process loans more quickly and enables them to provide exceptional service to all of their customers," said Shawn Jobe, TCN's vice president of Information Technology. "The iTCN platform provides a valuable tool for lenders to establish a competitive advantage in the marketplace."
About Peoples First Community Bank
Founded in 1983, Peoples First Community Bank has its headquarters in Panama City, Fla. The bank has assets worth more than $1 billion and has banking centers and loan production offices throughout the state of Florida.
For additional information about the bank, visit the company's Web site at www.peoplesfirst.com.
About The Credit Network
With more than 600 clients nationally, The Credit Network (Framingham, Mass.) has been serving the needs of credit grantors and mortgage lenders since 1926. Its clients include CTX CTX Context (Management; Tandem)
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CTX Clinical Trial Exemption Mortgage Co., National City Mortgage and Quicken Loans Quicken Loans Corporation is a retail home mortgage lending firm in the US. Quicken Loans Inc. is comprised of the Quicken Loans and Rock Financial, and Title Source, a settlement service provider. Quicken Loans closed $18 billion in residential mortgage loans in 2006. . The Credit Network specializes in the delivery of credit information and related services to the residential and equity lending industry through customized interface programs and links to more than 20 mortgage loan origination and tracking systems.
For more information about The Credit Network, visit the company's Web site at www.TCNLink.com.