Press Release
December 11, 2008
Chicago, IL-based ShoreBank 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 Chicago, IL-based ShoreBank.
"We selected the WebEquity solution for a variety of reasons," said ShoreBank Risk and Compliance Manager, Ronalene Monteith. "WebEquity will seamlessly integrate with our core, loan doc and review systems. And because it's an on-demand system, all our branches can access it and we can configure the system to meet the specific needs of each location."
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 ShoreBank
ShoreBank Corporation is America's first community development and environmental bank holding company. Headquartered in Chicago, ShoreBank is a $2.4 billion company with banks and nonprofits in Chicago; Cleveland; Detroit; Ilwaco, Washington; Portland, Oregon; and Michigan's Upper Penninsula; and consulting services around the world.
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.
