First National Bank of Sycamore Partners with Suntell to Introduce the Square 1 Credit Suite

First National Bank of Sycamore Partners with Suntell to Introduce the Square 1 Credit Suite.

First National Bank of Sycamore Partners with Suntell to Introduce the Square 1 Credit Suite

With a strong customer-centric approach, First National Bank of Sycamore is excited to announce its strategic partnership with Suntell to present the Square 1 Credit Suite. This innovative solution is tailored to enhance accuracy, streamline operations, ensure safety, soundness, data integrity, retrieval, and strengthen risk management for their valued business clients.

“We have chosen Square1 Credit Suite as our preferred lending solution due to its offering a streamlined and efficient lending experience, while providing additional features that will increase our efficiencies, increase analysis turn around, reduce our backroom labor costs all at a very competitive price,” said Patrick Carey, vice president/senior lender for First Nation Bank of Sycamore.

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

“In enhancing asset quality, regulatory examination outcomes, and workflow efficiency for community financial institutions like First National Bank of Sycamore, Suntell’s Square 1 Credit Suite places a premium on cultivating robust relationships over transactions,” said Ronnie Wooten, CEO of Suntell. “By offering comprehensive solutions that strengthen efficiency and security, we empower our clients to excel in their commitment to serving the community, particularly in taking exceptional care of their valued business customers.”

Suntell, a respected industry leader since its founding in 1996, has a history of innovation in loan management systems and expanded its offerings to include Suntell Document Imaging for managing borrower, loan, and deposit documents; AgExam for agricultural analysis; Stress Tests for comprehensive risk assessment; and Loan Queue and Dashboards for streamlined workflow management. Together, these components form the Square 1 Credit Suite.

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For media inquiries or further information, please contact:

Ronnie Wooten, CEO
Phone: 888.848.7349, ext. 219
Email: rwooten@suntell.com

About Suntell:

Suntell, founded in 1996, is a leading innovator in providing powerful loan management systems and comprehensive financial tools to community financial institutions. Their Square 1 Credit Suite® is designed to optimize accuracy and efficiency, enabling institutions to focus on better serving their customers and achieving their business goals. For more information, visit www.suntell.com.

About First National Bank of Sycamore:

First National Bank of Sycamore is a locally owned, independent community bank with $170 million in assets serving the area since 1919 with full-service locations in Sycamore, McCutchenville, and New Riegel and Tiffin. For more information, visit www.fnbsycamore.com

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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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