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Citizens State Bank Selects Square 1 Credit Suite

Suntell, a leading provider of loan origination software for commercial and agricultural lending, is pleased to announce that Citizens State Bank in Hugoton, Kansas has selected Square 1 Credit Suite by Suntell

Suntell, a leading provider of loan origination software for commercial and agricultural lending, is pleased to announce that Citizens State Bank in Hugoton, Kansas has selected Square 1 Credit Suite by Suntell to ensure accuracy, efficiency, safety and soundness, and risk management for the benefit of the bank’s customers.

“We are honored that Citizens State Bank has chosen Square 1 Credit Suite as their loan origination software for commercial and agricultural lending,” said Ronnie Wooten, CEO of Suntell. “We are committed to providing a comprehensive solution that ensures compliance and risk management. Our skilled team is focused on enhancing the efficiency of back-office operations, enabling the bank’s staff to concentrate on what they do best – delivering exceptional service to their customers.”

The Square 1 Credit Suite, powered by Suntell, encompasses a comprehensive range of tools, including business loan credit analysis, CECL extract, approval management, loan workouts, credit risk rating, document imaging, integrations, and portfolio reporting.

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FAQs

How does a loan origination system work?

An LOS is defined as a system that automates and manages the end-to-end steps in the loan process – from the application, through underwriting, approval, documentation, pricing, funding, and administration.

What is the difference between loan origination and underwriting?

A loan officer is someone who works for a bank or credit union or other financial institution and offers loans to borrowers, while an underwriter is someone who analyzes documents from potential borrowers to determine if they are eligible for a loan.

What are the benefits of loan origination software?

By now, lenders are well versed in the benefits of a digital loan origination system, such as: Providing borrowers with easy, streamlined, and digital applications. Providing bankers with automating spreading and financial analysis tools.

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