WebEquity Solutions, a provider of on-demand lending software, has announced that Illinois-based Platinum Community Bank, has selected its on-demand lending software to automate its commercial real estate and industrial loan processes. Platinum Community Bank has opted for WebEquity for its functionality in the areas of spreading financials, tracking customer relationships, managing workflows and tracking.
The company claims that WebEquity is an on-demand, software as a service (SaaS) offering that reduces the demand on a bank’s IT resources, and enables lenders to access their loan information from anywhere via a web browser. Its design allows an institution to setup the software to support the bank’s specific policies and lending guidelines such as credit analysis, risk ratings and approval processes.
It adds that WebEquity acts as a single system that works for all loan types including commercial, agriculture, small business, commercial real estate, construction and consumer credits; helping an institution better manage consistent, uniform lending practices across the entire organization.
Jim Hogan, Senior Credit Officer, Platinum Community Bank, said: “With the WebEquity system we are able to more efficiently manage uniform, thorough credit analysis and facilitate responsive decisioning. WebEquity is an attractive solution for lending institutions of all sizes.”
Doug McGregor, CEO of WebEquity Solutions, said: “By selecting WebEquity, Platinum Community Bank has gained a single lending solution that will scale to help the institution manage credit quality and portfolio risk as it continues to expand.
