Community Bank Increases Loan Production With LOS Funding Mortgage, Consumer, Agriculture, And Commercial Loans
Integra Software Systems, a loan origination software (LOS), announces a highly successful two years in operation with Peoples Bank, a Clifton, TN Community Bank expanding throughout the southwest part of Middle Tennessee. While many lenders, both large and small, have seen significant reduction in lending volume due to economic factors, in contrast, Peoples Bank has significantly increased their loan production by over 50% and attributes some of that growth to the partnership with Integra and the efficiencies of their LOS choice, Epic.
“When we were looking for a browser-based LOS system, we were seeking a partner and a LOS that would help us expand loan production and improve efficiencies simultaneously. At that time, we felt our current vendor was handcuffing us and tying us down, limiting us to grow the way we felt we should,” says Kelvin Runions, Chief Lending Officer of Peoples Bank. “Partnering with Integra, the Epic LOS along with Integra’s support and service is everything we thought it would be and more. Now, we originate loans at a higher volume and improved efficiency. The Epic LOS has great compliance and administration capabilities to tailor the system to our needs. In addition, we are getting ready to expand our product offering to our clients with Secondary Market Mortgages and we are looking forward to working with the Integra team on that.”
Peoples Bank originates Mortgage, Consumer, Agricultural, and Commercial loans for their community bank markets. Runions adds, “One more exciting thing about our relationship with Integra, is we will soon be launching the Epic POS (online origination). Now our clients can apply for a loan, upload documents, get status updates, and this will include every lending channel we offer at the bank. The best part is that we didn’t have to spend a fortune to achieve efficiency. We feel we are faster and more responsive now than larger lenders that spend huge amounts of money to develop proprietary software.”
Integra Software Systems SVP Michael Picker adds, “We at Integra are very proud that we are able to partner with a customer like Peoples Bank. With a robust lending business, continuous expanding product mix and bank expansion, Peoples Bank is a customer with multiple needs. We are fulfilling those needs and building a stronger partnership for both our organizations.”
“Agility is crucial for any business, but even more so in today’s market.” Picker adds, “With Epic LOS and POS, Peoples Bank is scaling their operation at their pace and control. The ability for Peoples Bank to offer all their loan types in one LOS & POS to their clients reduces the number of LOS vendors and/or technologies needed. In addition, the inherent efficiencies and ease of use gives Peoples Bank increased agility to expand and reduced expense for their lending technology.”
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