Cross River Bank, located in Teaneck, New Jersey, was in need of a “loan servicing software that would complement our core processor,” according to David Tilis, Director of Loan Operations/Servicing. During their search, Cross River Bank could find very few options...

In today’s increasingly volatile lending environment, commercial banks and credit unions demand greater accountability while keeping costs down and ensuring compliance. The conventional approach of utilizing legacy hardware and software simply isn’t as efficient as it...

The lending department at community banks and credit unions are responsible for many different aspects related to commercial loans. Every loan that has risks must be carefully weighed to determine if they are viable for the short and long-term health of the...

Now more than ever, banks must demonstrate compliance with regulatory requirements for commercial lending. While big banks may have sophisticated software and the budget to easily handle changes, small banks often struggle to adapt to new regulations with old...

New banking regulations are driving up the operation costs for banks of all sizes. While it’s easier for big banks to purchase new data tools to remain compliant, small banks and credit unions feel the pinch of making these investments. Many are forced to reduce their...