back Back

Citizens State Bank selects Lendsmart to enhance its mortgage lending process

By Edlyn Cardoza

January 10, 2022

  • Citizens State Bank
  • Digital Lending
  • Home Buying Operations
Share

Citizens State Bank, Wisconsin, USA, Lendsmart, Digital Lending, Origination, Home Buying OperationsCitizens 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 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 len der risk, and reducing origination and operational costs.

Since 1904, Citizens State Bank has been committed to making the loan experience as smooth and painless as possible for its customers, whether they’re buying, building, remodelling, or refinancing.

“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 Citizens State Bank to offer a superior 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.”

Lendsmart, founded in 2018, is an AI-driven digital lending platform that automates and digitizes lending and home buying operations to create a single, automated conversational experience for banks, credit unions, and non-bank lenders. Using artificial intelligence to digitize up to 70% of the lending and home buying processes, Lendsmart allows borrowers to get a loan, refinance, or purchase a home in record time.

Previous Article

January 10, 2022

OneConnect inks partnership with Chengfang Financial Technology

Read More
Next Article

January 10, 2022

Wayne Potters joins Lev as Managing Director to launch digital CMBS platform

Read More










IBSi Daily News Analysis

December 06, 2022

Citizens State Bank

Why SMBs can’t switch payment providers despite desire  

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

Ontop selects ThetaRay’s SONAR AML solution to detect financial crime threats

Read More

Today

JG Wentworth acquires the digital lending platform from Stilt Inc.

Read More

Today

Sunwest Bank secures multiyear partnership with CRE FinTech Blooma

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

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 2022