Spring 2018 Newsletter

Regional Training

We expect another full house for our next Regional Training scheduled May 1st and 2nd in Chicago, IL. As with last year, those attending will be learning about the many product enhancements recently released and receive an update on our current 2018 enhancement and new product plan.

The 2018 enhancement and new product plan continues our historic track record of investment in the Square1 Credit Suite with exciting plans for AgExam enhancement, data extract tool to fully support ALLL-CECL calculations, and finally our electronic tax return reader which we are calling the Smart Electronic Tax (SET) Reader. The SET reader will be an optional add-on module to be licensed separately. It will be able to work with any tax return PDF produced by an accounting tax package system to read and ingest the tax return data automatically without keying in the information.

We are excited about these planned enhancements and delivering your requests and by the delivery of new products with our SET Reader to make your job more efficient. If you are attending the conference this year, I always advise our customers to come prepared to not just learn about the new functionality but to focus on the current Square 1 system functionality. Look for ideas to increase utilization or to maximize efficiency that the system tools can provide if properly implemented and used.

Development Update

Our latest version of the LMS ( is now available for distribution.  Version 19.2 included some changes to the overall look of the LMS, as well as Custom Calculations and Ratios, along with additional Loan Presentation Subreports for Credit Analysis, such as CRE Stress Test, Transaction Stress Test, and Rent Rolls.  To schedule your update, please click here.  To view the release documentation, please log-in to our Customer Hub, and click on LMS under “My Products.”

Interesting Reads

Message from the CEO
I would like to hop up on my soapbox to talk about Artificial Intelligence (AI) and its application in community banking. AI is emerging very rapidly into our everyday personal and business lives and it doesn’t seem to be slowing down anytime soon. Read More…

Employee Spotlight: Scott McCubbin

Our featured employee this quarter is Scott McCubbin. Scott celebrated 10 years with Suntell in the fall of 2017. He works in our development group as a C.A. Analyst. Read More…

“If we had no winter, spring would not be so pleasant.”
-Anne Bradstreet

New Customers

Suntell is pleased to announce the following new customers that have joined us since our last newsletter:

  • The Merchants National Bank, Hillsboro, OH
  • TPNB Bank, Paris, MO

Happy Anniversary

We like to recognize our customers that have been with Suntell for 5, 10, 15, and 20 years. Thank you for your continued business and support!  We truly appreciate the loyalty of our customers. In the first quarter of 2018, the following customers have celebrated milestone anniversaries with us.

  • Belgrade State Bank, Belgrade, MO (15 years)
  • First Dakota National Bank Yankton, SD (10 years)
  • Gifford State Bank, Gifford, IL (5 years)
  • United Bank & Trust, Marysville, KS (15 years)
  • Pinnacle Bank, Keene, TX (5 years)

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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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