Cypress Software Systems today launched Cypress University, a monthly series of seminars, webinars and Professional Services designed to help Cypress clients and other financial institutions tackle industry issues, enhance lending processes and learn best practices for Cypress' automated loan software.
Cypress University will be organized and conducted by the Cypress Professional Services (CPS) Division. The two-day seminars cover a variety of topics ranging from the RESPA Act to risk management, compliance and portfolio performance, along with additional training for the company's Mark IV and BizMark lending solutions.
"As the banking and finance industries undergo unprecedented change, it's important that institutions stay on top of the latest regulations and technology trends," said Steven Croft, senior vice president of Cypress. "We created Cypress University as a resource for our clients and non-clients alike to learn how to efficiently and effectively navigate through the confusing and continuously evolving industry issues. The classes will also assist our clients to gain additional training and enhanced insight into our products, as well as being fully prepared for the numerous industry regulations and changes that are being implemented."
Cypress' Professional Services Division helps banks, credit unions and other financial institutions optimize their lending processes and deploy technology best practices. In addition to Cypress University, CPS provides five primary services, including Strategic Configuration Assessment, Technology Assessment, Process Improvement Gap Analysis, Decision Process Optimization and Integration and Customization.
Cypress' Mark IV is a software platform that automates the consumer loan application and decisioning process, and helps institutions with risk management issues. With Mark IV, service associates electronically input application information while interviewing customers. The software then quickly retrieves credit reports, efficiently analyzes the capacity for repayment, and deploys the institution's loan policies. The result is a quality loan decision that meets all federal requirements, provides the highest levels of risk management available in the industry and ensures consistency within the loan portfolio.
Similarly, the company's BizMark software processes small business loan applications, enabling lenders to efficiently handle small business commercial credit requests for lines of credit, term loans, corporate leases and corporate credit cards. The software gathers principal and financial statement data; retrieves and interprets consumer and business credit reports; performs ratio analysis; and scores the results.