"The Mark IV software and its associated modules will enable us to provide a more sophisticated loan delivery experience," said Umi in a statement. "It's all about implementing our business strategy by combining outstanding service, competitive financial products, local expertise and advanced technology applied for the convenience of customers."
March 03, 2009 Looking to automate and grow its consumer loan operations, Bank of the Cascades (Bend, Ore.), the principal subsidiary of Cascade Bancorp, selected North Richland Hills, Texas-based Cypress Software Systems LP's Mark IV loan software for an initiative centralize the consumer lending function. All branches will be up and running by April 2009, according to Ahjamu Umi, vice president of consumer lending for Bank of the Cascades. Concurrently, the bank is completing development of its lending policies and procedures that will be executed by Mark IV. Umi also said the rollout will enable Bank of the Cascades to expand the lending process from the traditional loan officers to its front-end employees. In addition to Mark IV, the integrated solution includes the Harland (Lake Mary, Fla.) LaserPro document preparation interface for downstream data flow; the Jack Henry (Monette, Mo.)-Silverlake interface to the bank's core system; and Cypress' new account setup module, which captures all the loan setup information within Mark IV.