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Article: Banterra Bank Launches Specialty Finance Division with Help from Cypress Software's BizMark System.
- Article from:
- Business Wire
- Article date:
- November 2, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORTH RICHLAND HILLS, Texas -- Banterra Bank of Eldorado, Ill. has selected Cypress Software Systems LP's BizMark small business loan software to help support the bank's recently launched specialty finance division for machine tools.
The 27-branch institution will use BizMark to create a centralized system for automating the credit application and underwriting processes for all loan requests received through the new finance division.
John VanDaele, manager of the Machine Tool Division at Banterra, says they needed a loan origination platform that could help them rapidly develop a small-ticket transaction environment and speed up the turnaround time for ...