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Sutton Bank Selects Square 1 Credit Suite

We are is pleased to announce that Sutton Bank in Ohio 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.

Suntell, a leading provider of loan origination software for commercial and agricultural lending, is pleased to announce that Sutton Bank in Ohio 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 chose Suntell’s Square 1 Credit Suite as our agricultural credit analysis software for its accuracy and efficiency. Our commitment is to continuously provide our customers with excellent service. We trust the depth of knowledge in agricultural loan analysis, including accrual adjusted cashflow, demonstrated in Suntell’s history,” said Jeff Mumma, senior credit analyst with Sutton Bank. “We have been very impressed with their support and agility in our implementation process.”

We are dedicated to providing Sutton Bank with a comprehensive solution that ensures compliance and risk management,” said Ronnie Wooten, CEO of Suntell. “Our highly skilled team works is focused on enhancing the efficiency of back-office operations, empowering the bank’s staff to devote their energy on 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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