back Back

Citizens State Bank selects Lendsmart to boost its mortgage lending process

By Leandra Monteiro

April 11, 2022

  • Citizens State Bank
  • Credit Management
  • Digital Lending
Share

Citizens State BankCitizens State Bank, a Wisconsin-based community bank focused on commercial and personal banking products, has selected Lendsmart, an AI-driven digital lending platform, to improve its digital lending operations and offer a seamless customer experience.

With Lendsmart’s AI technology, Citizens State Bank will be able to process more loans and help their customers acquire a loan in a matter of weeks. Lendsmart digitizes up to 70% of the lending and home buying processes while automating manual tasks, improving accuracy, minimizing lender risk, and reducing origination and operational costs.

“We know that the banking industry has changed a lot over the years, and we’re committed to providing the best service and technology to our valued customers,” said Shawn Tyler, Senior Vice President & Chief Credit Officer of Citizens State Bank. “Lendsmart will allow us to offer a more efficient process with one end-to-end platform that brings together what was previously a disjointed process.”

Working with Lendsmart will enable the Bank to offer a better experience to its customers with AI technology that autocompletes elements of the mortgage applications, validates data in real-time to provide instant approvals, and brings all parties together on a single platform to unify the process.

“Our centralized platform reduces loan origination processing time and saves on operational costs to benefit both the lender and the borrower,” said AK Patel, Founder & CEO of Lendsmart. “We’re pleased to be supporting Citizens State Bank as they continue to grow their digital lending capabilities.”

Previous Article

April 11, 2022

Midland States Bancorp expands Banking-as-a-Service initiative with Synctera partnership

Read More
Next Article

April 11, 2022

American Express increases speed for FinTechs to launch cards on the Amex Network

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

Citizens State Bank

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Capchase secures €105m to support financing for SaaS firms in Europe

Read More

May 21, 2024

Suffolk Building Society selects finova to power mortgage offering

Read More

May 21, 2024

TRIVER and Experian join forces to boost SME lending

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023