Solution helps bank expand customer base, increase efficiency, reduce costs
Zoot Awarded Contract for Automating Loan Origination at Thrivent Financial Bank
April 14, 2010
Zoot, a leading provider of advanced instant credit decisioning and loan origination solutions, announced the successful deployment of the company’s zOriginateSM loan origination solutionat Thrivent Financial Bank* at the 2010 TowerGroup Annual Financial Services Strategy & Technology Conference & Exhibition. The Zoot platform provides an operationally efficient loan underwriting process for the bank and its clients.
“We needed the ability to integrate with multiple vendors to support our multi-state lending product portfolio,” said Wendy Clausz, SVP of Bank Operations of Thrivent Financial Bank. “zOriginate provides real-time information to our staff enabling them to present the best loan options more quickly, creating an even more positive client experience while reducing loan processing time and costs.”
zOriginate facilitates the entire origination process from beginning to end giving business users direct control over decisioning and workflow through one interface and one tool. The solution increases the efficiency of loan origination by automating as much as possible, seamlessly integrating between automated and manual processes when necessary. Zoot’s zOriginate loan origination solution contains a vendor network component that features connections to any data and service provider an institution requires. Zoot’s vendor network has established connections to third-party data and service providers through a single interface, eliminating the challenge and costs of connecting to and maintaining each vendor individually.
“zOriginate was designed to simplify the loan origination process for our clients and their customers. Our solutions quickly and easily integrate into a variety of systems and network configurations,” said Dennis Dixon, president of Zoot Enterprises. “Zoot’s tools and services give our clients the control and flexibility to implement their best business practices and address specific points of pain instead of forcing them to adapt their processes to fit the parameters of the solution.”
Visit Zoot’s website to learn more about zOriginate loan origination solution or complete an information request form.
*Thrivent Financial Bank is a Member of the FDIC and an Equal Housing Lender.
About Zoot
Bozeman, Mont.-based Zoot provides comprehensive credit decisioning, loan origination and credit risk management solutions to enable clients’ unique business objectives, leading to long-term relationships with top U.S. banks. Zoot’s rapid, high-volume processing environment has the capacity to process billions of transactions per year. Visit http://www.zootweb.com or call 406.556.7555 for more information.
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