Continental Bank Selects Seritus-CoS From Seritus Solutions

Oct. 28, 2011 - PRLog -- Continental Bank, a provider of financing to small  to medium sized businesses, with a focus on equipment, real estate and lines of credit today announced that it has selected Seritus-CoS from Seritus Solutions as their credit origination software provider to further streamline their operations.  

Continental Bank was looking for a system that could integrate with their partners, various credit sources and other internal systems supporting their multiple product offerings.  Gary McBride, Executive Vice President of Continental Bank said that “Our out of the box thinking gives us a competitive advantage and we were looking for a solution that could adapt with us”.  “We offer most types of financing structures, from leases (FMV, Trac, 1st Amendment and Finance) to SBA7A and 504 loans as well as purchase loan and lease portfolios, and support vendor financing”.  “We believe the Seritus solution aligns with our current and future strategic growth plans due to its flexible and configurable workflow driven architecture”.  

“Seritus-CoS was developed utilizing newer technologies in conjunction with our substantial industry knowledge in order to provide an industry driven configurable system which is cost effective providing  significant functionality which aligns with Continental’s objectives”, says Charles Lyles, partner of Seritus Solutions.  “Seritus-CoS’ architecture allows us to quickly implement their requirements in a timely manner”.

Continental Bank is a Utah State Chartered FDIC insured bank servicing the U.S. market.

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A Web-based Credit Origination System for the lease & loan market. It increases operational efficiencies by: leveraging a configurable workflow tool to control deals; 3rd party credit interfaces; and auto-generation & remote printing of documents.