In its third year of marketing its state-of-the-art loan origination and portfolio analysis system, North Shore Systems has signed up five new customers over the past three months. Recently procuring the system was:Jackson Federal Bank, Brea, CALegg Mason Mortgage Corp, Baltimore, MDChurch Development Fund, Anaheim, CAJohnson Capital, Irvine, CANetwork Bank USA – Los Angeles, CA
These financial institutions join seven other NSS customers in preparing for a future in which productivity, cost cutting, and customer service have become the differentiating factors in successfully increasing lending volume.
In addition to deal management, pipeline tracking/reporting, and workflow automation, the systems underwriting and closing functions are being implemented. Besides decreasing the cost of generating a loan, these companies will be using North Shore’s portfolio reporting capability to manage their business and determine where best to concentrate their efforts.
One Sr. VP of lending sums it up this way: “We are on a mission to improve our processing times and eliminate double entry of data throughout our organization. The North Shore system is a critical component of our strategy. We believe the North Shore system will allow us to integrate our processes in ways not possible just a few years ago, and we expect that timeliness and efficiency will be significantly improved once the system is fully operating within our organization.”
Brian McCracken, North Shore president, explained that “the company’s web-based software release – North Shore G2 – provides all the features and benefits of its original client server system, with the added benefit of thin client, making it easier to implement, administrate and access.”