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

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

May 17, 2024

Niyogin acquires ‘Superscan’ from Orbo.ai to propel AI-led neo-banking

Read More

May 17, 2024

M&T Bank taps nCino & Rich Data Co. to manage credit risk and loan performance

Read More

May 16, 2024

Salt Bank taps Napier AI for Transaction Monitoring in Romania

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