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Legence Bank selects Lendsmart to streamline its digital lending operations

By Edlyn Cardoza

January 18, 2022

  • Community Bank
  • Digital Lending
  • Funding
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Legence Bank, Illinois, Community Bank, Lendsmart, Digital Lending, Origination, Funding, USALegence Bank, a progressive IL-based community bank, has chosen Lendsmart, an AI-driven digital lending platform, to streamline its digital lending operations and better serve its customers.

Legence Bank offers customized financing, secured and unsecured options, competitive rates, and convenient payment options for personal loans. With the addition of Lendsmart’s technology, Legence Bank will be able to provide a more superior experience to its customers by significantly shortening loan origination and funding times.

“We’re committed to providing our customers with the latest in convenient technological financial solutions, and by partnering with Lendsmart, we can further fulfill this commitment by offering our customers one end-to-end digital experience,” said Alan Jones, Senior Vice President and Chief Credit Officer at Legence Bank.

Lendsmart’s centralized platform digitizes the lending processes while automating manual tasks, improving accuracy, minimizing lender risk, and reducing origination and operational costs.

“Our end-to-end digital solution enables lenders to approve loans and provide funding in record time,” said AK Patel, Founder & CEO of Lendsmart. “We’re looking forward to helping Legence Bank process more loans and offer greater value to its customers with one seamless, digital experience.

Lendsmart 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.

Legence Bank is a community bank based in Eldorado, IL, that offers a suite of personal and business financial solutions and competitive rates to meet individual needs, budgets and lifestyles. For more than 115 years, Legence Bank has provided a customer-focused commitment to quality.

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

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