M&I Data Services Selects Credit Automation Solutions From CMSI
ANNAPOLIS JUNCTION, Md., April 6 /PRNewswire/ -- Credit Management Solutions, Inc. (CMSI) announced today that M&I Data Services has selected CMSI's CreditRevue(R) 2000 software as an integral component of its new consumer lending solution: Credit Services.
CreditRevue 2000 is a comprehensive and flexible credit automation solution for service bureau providers. It offers consistent underwriting and credit control, improved portfolio performance, plus credit decisions in minutes.
As a leading provider of outsourcing services for financial institutions, M&I Data Services plans to combine CreditRevue 2000 with its proprietary products, including BankerInsight(TM), data warehouse and the M&I Integrated Loan System, to create a fully-integrated technology solution for its customers.
M&I Data Services formed the Credit Services business unit to provide this complete consumer loan processing solution to the credit industry. The company will offer business process outsourcing of staff functions in the areas of call center, loan origination and loan servicing support. Combining this technology with business process outsourcing provides clients of M&I Data Services with a complete consumer lending solution.
"A full business process solution allows our clients to focus on managing their customer relationships," said Nancy Cody, vice president at M&I Data Services. "Our partnership with CMSI supports this endeavor by allowing us to deliver state-of-the-art credit application processing and decisioning to our clients."
Clients of Credit Services may choose the fully integrated, turnkey solution, or they may request a customized solution that interacts with their existing environment. M&I Data Services will provide business expertise to evaluate existing processes and assist in a successful implementation of the solution.
"M&I Data Services is a well-known, respected leader in its field," said Peter M. Leger, CMSI's president and COO. "We are delighted that M&I Data Services chose software solutions from CMSI to help them expand their wide range of client services."
M&I Data Services is a provider of leading-edge technology solutions to the financial services industry. Headquartered in Milwaukee, Wis., it offers consulting, software and processing solutions for financial institutions worldwide. The company's rapid growth is being fueled by innovative product development, strategic product acquisitions, and strong growth of its customer relationships. M&I Data Services is a division of Marshall & Ilsley Corporation (Nasdaq: MRIS), a $21.6 billion holding company. For more information, visit the M&I Data Services Web site at midata.com.
About CMSI
Founded in 1987 and headquartered in Annapolis Junction, Md., Credit Management Solutions, Inc. (Nasdaq: CMSS) provides consumer credit automation and loan marketing software and services to major financial institutions and non-bank financial companies. Its flagship product, CreditRevue(R), is a credit origination and processing system that automates and speeds the processing and decisioning of all types of consumer and small business loan products. CreditRevue clients include NationsBank, Banc One, Wells Fargo, TranSouth, Wachovia, WFS Financial, and Nellie Mae, among others. Through its subsidiary, Credit Connection, Inc., CMSI operates the CreditConnection(R), a combined electronic network and service which electronically connects credit originators with multiple financing sources for the submission and decisioning of loans and leases. |
