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Founders Bank Turns to Cypress Software's AppMark Solution to Help Launch Institution's Consumer Lending Operations.

Software to Automate the Consumer Lending Process and Provide Enhanced Compliance and Credit Risk Management

NORTH RICHLAND HILLS, Texas -- Founders Bank of Sugar Land, Texas has chosen Cypress Software Systems LP's AppMark software to help the bank launch and automate its consumer lending operations.

The hosted loan software is scheduled to go live at the single-branch bank in late-October, and is expected to bring efficiency, underwriting consistency and increased credit risk management to Founders Bank's budding consumer lending initiative.

Kerry Jarka, senior vice president at Founders Bank, will be leading the consumer lending operations at the bank, and he chose the system for its automation, accessibility and reliability.

"When we decided to launch consumer lending at our bank, we knew that an automated system would be vital to ensure efficiency and profitability. Cypress and its AppMark software presented the most user-friendly, intuitive and affordable solution on the market," said Jarka. "Since the system and our database both reside on the Cypress ASP network, we not only save on upfront technology expenses, but can also securely access the information away from the branch if needed."

AppMark automates all aspects of the loan origination process from data entry to underwriting to decisioning. The software delivers the same look and feel of Cypress' flagship consumer lending solution, Mark IV, but is modified to include the features and functions that are most required by smaller community banks.

"AppMark helps level the playing field for smaller community banks by affordably providing the benefits of efficiency and enhanced credit risk management that larger banks enjoy," said Steven Croft, senior vice president at Cypress Software Systems. "We're excited that Founders Bank has partnered with us, and AppMark will ensure they experience enhanced regulatory compliance and quick, consistent loan decisions."

AppMark is hosted and delivered through Cypress' application service provider (ASP) network, so the need for additional hardware, software and IT staff to run and maintain the application was eliminated, further reducing Founders Bank's rollout costs.

Clients like Founders Bank access AppMark through remote login, which provides a more enhanced interface compared to HTML-coded, browser-based applications. Cypress manages both AppMark and its clients' customer database information through an SAS70-certified AT&T Internet data center (IDC) in Dallas.

About Founders Bank

Founders Bank is Fort Bend's only locally owned and managed bank, with headquarters in Sugar Land. The bank takes its name from a "founders group" of Fort Bend businesspeople and community leaders who served as the driving force behind the institution's organization. Founders Bank is focused on serving the Fort Bend community, with a special emphasis on small business, real estate and professional/executive needs. Learn more at

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. 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 solution for community banks with assets of $250 million or less. Web site:
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Comment:Founders Bank Turns to Cypress Software's AppMark Solution to Help Launch Institution's Consumer Lending Operations.
Publication:Business Wire
Geographic Code:1U7TX
Date:Oct 6, 2009
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