Wilmington Savings Fund Society Bank (WSFS Bank), which is owned by WSFS Financial Corporation, has selected Custom Credit Systems’ (CCS) CustomLender, an automated suite to originate and manage its commercial loans. Reportedly, CustomLender is an end-to-end system that features rules-based decisioning in the loan application and underwriting process, legal document preparation, imaging, loan boarding, compliance and reporting and loan management.
The solution is expected to provide financial institutions with added flexibility in managing their portfolios as every bank needs to handle commercial loans under increased scrutiny from the federal government.
Glenn Kocher, senior vice president and chief credit officer of WSFS Bank, said: CustomLender is an important enhancement to our internal controls and a first step in installing a cradle-to-grave commercial loan origination system.
CCS is a provider of integrated, end-to-end, credit processing and maintenance systems for small business and commercial loan processing.
