June 15, 2010
Davis + Henderson launches CreditPath
TORONTO--Davis + Henderson, a leading provider of lending technology solutions to the North American financial services industry, announced the launch of CreditPath Commercial. This new platform, which facilitates the origination, underwriting, approvals, and funding of commercial lending deals, represents the 'next generation' of technology solutions for the commercial lending market.
CreditPath Commercial comes pre-configured and offers a simplified implementation tool kit, allowing commercial lenders who are interested in replacing their current platform to do so more easily than ever before. Based on Davis + Henderson's proven underlying Cyence enterprise platform, CreditPath Commercial provides a single point of entry for deal input, streamlines the credit lifecycle by offering easy integration with customer information files and loan accounting systems, and provides built-in connectivity to a broad marketplace of industry partners including credit bureaus, appraisal service providers, and risk and portfolio management services. Communications between relationship managers, underwriters, and loan operations can take place in real-time, driving improved operational efficiencies and reduced credit and regulatory risk.
"The current commercial lending marketplace is growing increasingly complex with the demands of customers changing, the regulatory landscape shifting, and with executives being expected to better manage costs, risk and deliver a superior customer experience," said Susan Feinberg, Senior Research Director, Wholesale Banking at TowerGroup. "Having traditionally received less IT investment than other areas, commercial lenders must take advantage of current technology to improve data quality and efficiency, both of which are more important now than ever."
"We are very excited about bringing CreditPath Commercial to market because it allows our customers to jumpstart the implementation of a comprehensive commercial lending platform" said Greg McIntosh, Executive Vice President of Credit Solutions for Davis + Henderson. "This new technology is based on our extensive experience in the commercial lending space and represents the culmination of a journey which started with us asking our customers what was important to them so that we could ensure our solution truly met their needs."
CreditPath Commercial reflects Davis + Henderson's ongoing commitment to offering innovative lending technology solutions that are focused on helping its customers adapt to their rapidly changing business environment.
Founded in 1875, Davis + Henderson provides innovative programs, technology products, and technology based business services to customers in the financial services industry who offer deposit, lending, insurance and wealth management products to consumers and businesses.