NEW YORK – (BUSINESS WIRE) – January 7, 2022–
State Bank of Citizens, a Wisconsin-based community bank specializing in commercial and personal banking products, selected Lendsmart, an AI-powered digital lending platform, to improve its digital lending operations and deliver a seamless customer experience.
Using Lendsmart’s artificial intelligence technology, Citizens State Bank will be able to process more loans and help clients get a loan within weeks. Lendsmart digitizes up to 70% of the home loan and buying process, while automating manual tasks, improving accuracy, minimizing risk to lenders, and reducing set-up and operating costs.
Since 1904, Citizens State Bank has been committed to making the lending experience as smooth and painless as possible for its customers, whether they buy, build, renovate or refinance.
“We know the banking industry has changed a lot over the years and we are committed to providing the best service and technology to our valued customers,” said Shawn Tyler, senior vice president and chief credit officer of Citizens State Bank. . “Lendsmart will allow us to deliver a more efficient process with an end-to-end platform that brings together what was previously a rambling process. “
Working with Lendsmart will enable Citizens State Bank to deliver a superior customer experience through AI technology that automatically completes the elements of mortgage applications, validates data in real time to provide instant approvals, and brings all of them together. the parties on a single platform to unify treat them.
“Our centralized platform reduces loan origination processing time and saves operational costs to the benefit of both lender and borrower,” said AK Patel, Founder and CEO of Lendsmart. “We are delighted to support Citizens State Bank as it continues to develop its digital lending capabilities. “
Lendsmart, founded in 2018, is an AI-powered digital lending platform that automates and digitizes home lending and buying transactions to create a unique, automated conversational experience for banks, credit unions and non-bank lenders. Using artificial intelligence to digitize up to 70% of the home lending and buying process, Lendsmart enables borrowers to get a loan, refinance or buy a home in record time. For more information visit https://lendsmart.ai.
About the Citizens State Bank
Citizens State Bank is a private community bank headquartered in Hudson, Wisconsin, and five branches in the western part of the state. Citizens State Bank is focused on commercial and personal banking products and always strives to be the right bank… now. For more information visit https://www.csbnet.net.
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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BANKING FINANCE PROFESSIONAL SERVICES SOFTWARE TECHNOLOGY
Copyright Business Wire 2022.
PUB: 07/01/2022 13:19 / DISC: 07/01/2022 13:19
Copyright Business Wire 2022.