Grant County Bank

Grant County Bank Selects Square 1 Credit Suite

We are pleased to announce that Grant County Bank in West Virginia has selected Square 1 Credit Suite by Suntell to ensure a focus on accuracy, efficiency, safety and soundness, and risk management for the benefit of the bank’s commercial customers.

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

“Our primary goal is to boost both operational efficiency and accuracy to guarantee compliance and effectively manage risk for Grant County Bank through our Square 1 Credit Suite. This strategic support allows them to concentrate on their essential mission—delivering superior financial services and solutions to families, small businesses, and the agricultural sector,” said Ronnie Wooten, CEO of Suntell.

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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