Charter One Financial Selects CMSI's Credit Automation Solutions; CMSI's CreditRevue to Play Key Role in Loan Origination
ANNAPOLIS JUNCTION, Md., July 22 /PRNewswire/ -- Credit Management Solutions, Inc. (CMSI) (Nasdaq: CMSS), a provider of credit automation systems for consumer, student lending and small business credit analysis, today announced that Charter One Financial, Inc. has selected CMSI's CreditRevue(R) application processing software.
Charter One Financial, Inc. is the parent company of Charter One Bank, one of the five largest thrift institutions in the nation with $24 billion in assets. Charter One plans to use the CreditRevue system to support both its direct consumer lending operation, and its non-prime home equity lending subsidiary, Charter One Credit Company.
John Koch, Charter One's Executive Vice President said, "We were already familiar with CMSI's solutions, based on the experience of our indirect automobile lending subsidiary, Charter One Auto Finance. Since our implementation of the CreditRevue system, we have seen benefits such as significant productivity gains, reduced costs and faster turnaround time. We look forward to realizing these same productivity gains in both our direct and home equity lending operations."
Peter M. Leger, CMSI's President and COO, said, "We're pleased that Charter One Financial, Inc. has chosen CMSI's solutions to help them achieve their business goals. We look forward to working with them to ensure that CreditRevue supports their mission with regard to customer service and business expansion." |
