Umpqua Bank Taps Cypress Software to Automate Consumer, Small Business Lending at its West Coast "Stores".Forward-thinking bank also to use Cypress' Mark IV, BizMark and WebApp software to capture loan applications via kiosks, the Internet in its "Bank of the Future" concept 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. -- Umpqua Bank, a subsidiary of Umpqua Holdings Corp. (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 : UMPQ), has automated its consumer and small business loan decisioning with Cypress Software Systems LP's Mark IV and BizMark software. The forward-thinking, Roseburg, Ore.-based bank wanted to replace its existing Web-based 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, and installed Mark IV and BizMark in its centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. lending center to automate loan processing, underwriting and decisioning for all 144 Umpqua Bank "stores" across Oregon, California and Washington. The bank also plans to use Mark IV, BizMark and Cypress' WebApp module in its "Store of the Future" concept. The software combination will give customers the ability to complete and submit loan applications via in-store kiosks or over the Internet. "With Cypress, we are a partner, not just a number," said Shannon Johnson Shannon Regina ("Pee Wee") Johnson (born August 18, 1974 in Hartsville, South Carolina) is an American basketball player for the Detroit Shock in the Women's National Basketball Association (WNBA). , vice president and manager of retail lending at Umpqua Bank. "From day one, Cypress was more interested in our needs, than selling us a product. Their Mark IV and BizMark software has significantly increased our lending center's productivity and application volume. In addition, their software will help us greatly as we continue pioneering new banking models and services." Umpqua Bank is widely recognized as an innovative leader in the banking industry by national publications including the Wall Street Journal, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times and BusinessWeek. Its unique neighborhood store concept feels more like a cafe with features that include in-depth community information and resources, comfortable personal spaces called "MyBooth" that are equipped with computers and an electronic "daily specials" menu touting neighborhood events and resources as well as bank products. The stores also feature enhanced technologies like cash recyclers that maximize space and improve store associate efficiency and security. "Umpqua Bank is a very progressive institution that provides a refreshing approach to retail and small business banking. This partnership is a considerable honor and achievement for Cypress," said Stephen G. Sargent, president and chief executive officer of Cypress Software Systems. "Our Mark IV, BizMark and WebApp software will help Umpqua further automate their consumer and commercial loan decisioning, ultimately leading to decreased costs, increased lending productivity and higher customer service." Cypress' Mark IV offers flexible, risk-based processing software for consumer loans that tracks applications from the point of entry to the point of decision. Mark IV lets lenders take loan applications electronically while interviewing applicants, quickly retrieve and interpret credit reports, efficiently review sources of repayment, and deploy their loan policies. This ultimately leads to a quick, automated loan decision. Similarly, the company's BizMark software processes small business commercial loan requests within 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. It consists of 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 that handles requests for lines of credit, term loans, commercial mortgages, corporate leases and corporate credit cards. Cypress' WebApp module works with Mark IV and BizMark, displaying the appropriate loan application forms that customers can access via the financial institution's Web site, in either an offsite or in-store kiosk venue. Applicants complete and submit the request over a secure Internet connection directly to Mark IV or BizMark. The software then automatically sends the application through credit retrieval, underwriting and decisioning, followed by an appropriate automated response back to the consumer. About Umpqua Bank Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation Umpqua Holdings Corporation (NASDAQ: UMPQ) is a financial holding company that has two principal operating subsidiaries, Umpqua Bank (the Bank), and Strand, Atkinson, Williams and York, Inc. (Strand). (NASDAQ: UMPQ) and has 144 locations between Napa, Calif. and Bellevue, Wash., along the Oregon and Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern Coast and in Central Oregon Central Oregon is a geographical region lying near the center of the U.S. state of Oregon. It is commonly considered to include Deschutes, Jefferson, and Crook counties. Primary cities in Central Oregon are La Pine, Sunriver, Bend, Redmond, Madras, and Prineville. . Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including the Wall Street Journal, New York Times, BusinessWeek, Fast Company and CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. . The company also ranked 34th on Fortune Magazine's 2007 list of the country's "100 Best Companies To Work For." Umpqua Holdings also owns retail brokerage subsidiary Strand, Atkinson, Williams & York Inc., which has locations in Umpqua Bank stores and in dedicated offices throughout Oregon and Southwest Washington. Umpqua Bank's Private Client Services Division provides tailored financial services 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. and products to individual customers. Umpqua Holdings Corporation is headquartered in Portland, Ore. For more information, visit www.umpquabank.com. 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, 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 $250 million or less. Web Site: www.go-cypress.com. |
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