Summer 2017 Newsletter

Regional Training

Thank you to all of the attendees to this year’s Regional Training event. We truly enjoy meeting and working with our customers in person. We had a great turnout this year and look forward to seeing many of you again along with meeting some new faces at the next event.

Development Update

Version 19.0 was released on May 24th, 2017.  This version can go to any customer who was not previously using Credit Analysis within Suntell.  We are finalizing testing on Version 19.1, which will include conversion utilities to move spread data from the old format to the new format.  If you are interested in installing Version 19.0, please email support@ to schedule.

Support Update

In anticipation of the 19.1 release, we have held several Lunch and Learn sessions on the new functionality, and those can be viewed here. Be on the lookout for additional training opportunities.

Stay Informed

Have you connected with us on Facebook and Twitter yet? Find quick tip videos, Lunch & Learn reminders, and more on our Facebook page.

Interesting Reads

Message from the CEO
I had a wonderful time reconnecting with our customers in Denver in early May. At the sold-out Regional Training event, we unveiled one of our largest and lengthiest development projects to date. Shortly after the conference, we officially announced the release of Version 19.0 which incorporated a number of new and important enhancements focused on credit analysis of commercial loans. Read More…

Employee Spotlight: Jason Padgett

Our featured employee this quarter is Jason Padgett. Jason has been with Suntell for 14 years as a Senior Technology Specialist. He enjoys working for a smaller, family-like company where many of his co-workers have had a long tenure. Read More…

“If we’re growing, we’re always going to be outside our comfort zone.”
–John Maxwell

New Customers

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

  • First Service Federal Credit Union, Sioux Falls, SD
  • Plains State Bank, Plains, KS
  • Malheur Federal Credit Union, Ontario, OR

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 second quarter of 2018, the following customers have celebrated milestone anniversaries with us.

  • Park Bank, Holmen, WI (15 years)
  • Cedar Valley Bank, La Porte City, IA  (15 years)
  • Home Savings Bank, Madison, WI (10 years)
  • First National Bank, Frankfort, KS (20 years)
  • Focus Bank, Charleston, MO (5 years)
  • Traditions Bank, Cullman, AL (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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