FSB signs Ascend Federal CU to lending platform

Source: S1 Corporation

Full-Service Banking (FSB) Solutions, a leader in branch automation and lending origination products and a division of S1 Corporation (Nasdaq: SONE), today announced that Ascend Federal Credit Union will begin using the FSB CrediSphere Universal Lending Platform.

The Tullahoma, Tennessee based credit union plans to automate credit application, processing, underwriting, document preparation, and closing functions with the CrediSphere Platform in all 14 of its financial centers. The program will touch multiple aspects of consumer lending, including personal, vehicle, home equity, and student loans.

"The CrediSphere Platform will significantly reduce the time it takes to receive and review loan applications," Ascend's Vice President of Lending, Adam Corcoran, said. "The system will also enable streamlined processing of loan requests including member and collateral data integration, cross-selling, electronic document preparation, and host system booking."

Rick Hughes, FSB Director of Lending Products, said the "CrediSphere Platform enables financial institutions to achieve a unique level of lending process productivity and control. We welcome the opportunity of a long-term partnership with Ascend."

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