Wildwood, NJ-based Crest Savings Bank has selected Vine’s AI-powered commercial lending platform to support its commercial lending business.
Crest Savings serves local businesses with construction loans, hotel loans and other business lines of credit. Due to the diversity of its loan portfolio, the bank needed a lending platform that was configurable enough to manage each loan type without the need to supplement with other technology.
“We’re excited to partner with Vine as our new commercial lending accelerator,” said Ed Savino, Senior Vice President and Chief Lending Officer at Crest Savings. “With powerful tools to streamline communication, enhance underwriting with powerful tax return spreading and cash flow analysis, as well as automating key reports and presentations, Vine will help us deliver faster, smarter, and more efficient service to our customers.”
Vine’s platform will cover the entire commercial loan lifecycle for Crest Savings. The AI-powered system encompasses document reading, financial spreading, and document generation, saving time and allowing loan officers to focus on service, rather than manual processes. The platform is highly configurable, giving the bank one system to cover all its lending functions for any type of loan or borrower.
“When we built Vine, we knew configurability was important. Crest Savings is a great example of how flexible the platform can be,” said David Eads, CEO and co-founder at Vine. “The bank does great work serving its community, and we look forward to being a part of that.”