The software enables financial institutions to automate the lending process
WebEquity Solutions, a provider of on-demand lending software, has launched WebEquity 7.0 that is reported to deliver web services application programming interface layer to provide integration between WebEquity and core banking, CRM and legal loan document systems.
The company said that the WebEquity software helps financial institutions automate the entire lending process from customer relationship management to credit analysis, loan decisioning and portfolio risk management. The WebEquity system works for all loan types including agriculture, commercial, commercial real estate and consumer credits.
The company also said that WebEquity’s integration capabilities will enable lenders to maintain synchronization of general customer and credit information with their core banking systems to incorporate loan balances, deposit relationships and perform other time-saving functions. The web service application programming interface layer reportedly provides an open, seamless approach to integrate with virtually any core banking system, loan document software or CRM product.
According to the company, WebEquity 7.0 leverages the Jack Henry jXchange, a real-time services-oriented architecture on a .Net platform, to deliver integration to the Silverlake and CIF 20/20 systems. WebEquity also plans to deliver integration to several other core banking systems later in 2009.
The new version is also expected to provide integration directly to Harland Financial Solutions’s Laser Pro Basic and Laser Pro Plus loan document systems. This integration is reported to help lenders eliminate the time-consuming data entry required in preparation of closing documents. WebEquity will also be delivering integration to the ARTA, Rembrandt, and ComplianceOne loan document systems from Wolters Klewer Financial Services.
Doug McGregor, CEO of WebEquity Solutions, said: In today’s business climate, financial institutions of all sizes must strive to gain efficiencies in their internal operations and to look for ways to reduce operational costs. The integration we are delivering will help our customers save time and money as we eliminate redundant data entry and improve data accuracy while eliminating the IT costs for building and maintaining custom interfaces across their banking systems.