First State Bank of the Southeast automates lending and saves $50K
Jack Henry tool will cut loan turnaround by 20%
First State Bank of the Southeast estimates savings of $50,000 per year in employee hours from a new automation in its consumer and commercial lending process. The automation will also reduce loan turnaround time by 20%, according to Chief Credit Officer Penny Sharp, who heads the loan process at the Middlesboro, Ky., bank. The $350 […]
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