Bank Grows Business with Improved Automated Indirect Lending Process
LAKE MARY, FL, Aug. 27, 2014 /PRNewswire/ - DH Corporation (TSX: DH) (the "Company") announced today that Central Bancompany, a Missouri-based bank holding company, continues to boost its loan volume by leveraging the functionality within D+H's streamlined consumer lending solution, DecisionPro™ and LaserPro® for compliant consumer loan documentation.
In 2011, Central Bancompany, a 10-year client of D+H, began an initiative to further automate the process of indirect lending. By adding the DecisionPro Indirect Lending Module, the institution was able to successfully grow the business. In addition, it began using the auto-decisioning functionality in DecisionPro to speed its approval time, making the bank more competitive in the indirect market space. Since then, it has increased its indirect applications by over 400 percent per year.
"The addition of indirect lending has greatly increased our loan portfolio," said Steve Hughes, DecisionPro/LaserPro administrator, Central Bancompany. "DecisionPro streamlines our indirect lending process, making it easier and faster to process credit applications."
Together, LaserPro and DecisionPro provide the industry-leading compliant loan documentation, origination and underwriting system. This powerful suite addresses the key areas of consumer credit underwriting and origination workflow management.
"Automating all phases of the lending process is an integral part of the way financial institutions do business in our modern economy," said Mitch Lucas, vice president of product management and legal compliance, D+H. "We strive to help financial institutions meet this challenge with our integrated lending solutions that provide an end-to-end lending platform to handle the entire process."
D+H is a leading provider of secure and reliable technology solutions to domestic and global financial institutions with a reputation for being a trusted partner that helps clients build deeper, more profitable relationships with their customers based on rich industry and market insight, and consumer knowledge. Today, approximately 7,000 banks, specialty lenders, community banks and credit unions rely on D+H to deliver solutions across three broad service areas: Banking Technology Solutions, Lending Solutions, and Payments Solutions. Our integrated, compliant technology solutions enable clients to grow, compete, and optimize their operations, while our forward looking approach helps them stay ahead of the market and anticipate changing consumer needs. D+H is one of the world's top FinTech companies as measured on the FinTech 100 list.
DH Corporation is listed on the Toronto Stock Exchange under the symbol DH. Further information can be found at www.dhltd.com and in the disclosure documents filed by DH Corporation with the securities regulatory authorities at www.sedar.com.
SOURCE DH Corporation