Press Release
October 27, 2008
First State Bank, Gothenburg, NE Selects WebEquity Solutions®' On-Demand Lending Solution
GLENWOOD, IA -- WebEquity Solutions®, LLC announced today the purchase of their WebEquity® 100% on-demand lending software solution by Gothenburg-based First State Bank.
"We've been using WebEquity software for over 10 years and today we're in a growth mode that includes entering the commercial lending market in Omaha," said FSB Senior Loan Manager, Grant Pedersen. "Nobody does what WebEquity does for banks with a need for multi-credit type lending that also removes geographic barriers with an on-demand offering."
Institutions prefer WebEquity® over other lending software for many different reasons. The most outstanding are contained in three distinct advantages they offer:
On Target.
WebEquity® provides a single solution that automates all of your lending disciplines—including commercial, agriculture, small business, leasing, construction, real estate and consumer. You’ll benefit from better standardization and controls across your entire lending process. Plus you’ll gain efficiencies by eliminating the need to learn and support multiple lending solutions.
On Demand.
Our on-demand model provides a secure, hosted lending solution that’s available anytime, anywhere from a Web browser. It centralizes your entire portfolio so you can easily and efficiently share and manage loan information—while dramatically reducing IT costs and resource requirements.
On Your Terms.
With WebEquity® you get a perfect fit. Its flexible design allows you to configure credit analysis forms, risk rating models, credit presentations and workflows so the software conforms to your lending process. You get one system that supports your entire organization regardless of loan type, size or complexity.
About First State Bank
First State Bank is a $322 million asset bank with two locations in Gothenburg, NE and three locations in Omaha, NE.
About WebEquity Solutions®
WebEquity Solutions®, LLC is the proven leader in on-demand lending software. For more than 25 years, WebEquity® has been helping customers gain efficiencies and employ best practices in their lending businesses. With WebEquity® lenders gain the advantage of a single, hosted solution enabling them to reduce operational costs, streamline processes and make more uniformed and profitable lending decisions.
The WebEquity® solution automates the entire lending process from origination to credit analysis, decisioning and portfolio risk management. Technology innovations have always been central to the company’s rich history. Prime examples include WebEquity®’s Software-as-a-Service platform and open API integration. Such advances differentiate WebEquity in the marketplace and translate into distinct advantages for its customers.
