Should Our Bank Consider a Loan Origination System?

May 9, 2023 | 10:00 am - 11:00 am CST


Investment: 
Complimentary (bank members) | $120 per person (nonmembers)

Description:
We will review the benefits of a LOS (Loan Origination System) vs a loan document system including the cost/benefit. The discussion will include the vendors in the market for both large and small banks and both LOS and loan document systems. We will also discuss where FINPACK fits in the picture.

This session will cover: 

  • Understanding of what a LOS can do for my bank
  • Who are the players in the LOS and loan document space
  • Is my bank with the most appropriate vendor or is making a change the right move
  • Is the benefit of moving to a LOS worth the cost
  • Key points to negotiate out of the vendors standard agreement


Presented in partnership with   

Presenter:
Dean Schumann as over 20 years of experience providing technology services and consulting in the financial industry.  He began his consulting career in 1996 with RSM (fka McGladrey), one of the largest tax, accounting and consulting firms in the US with over 100 offices worldwide.  He was responsible for RSM’s national practice focused on system selection and strategic technical planning for both community banks and natural member credit unions.  

In 2011 Mr. Schumann founded Frederick Martin Advisors, a consulting firm concentrating on technology services for community banks including system selection for both core and ancillary systems.  He also subcontracted his services to Resurgent Performance and James Crest both of which focus on business process improvement.

Mr. Schumann has extensive experience and knowledge of the major vendors that provide products and services to the financial industry including companies such as Fiserv, FIS, Jack Henry, CSI, Finastra, nCino, Baker Hill, Abrigo, Hawthorn River, FinPack, Integra and others.  He has been engaged provide services for digital banking, document imaging, item imaging, lockbox, mortgage banking, deposit and loan origination platforms.

 

Questions? Contact Patti Coles at Patti@Minnesota.Bank or (651) 789-3987

 

When
5/9/2023 10:00 AM - 11:00 AM
Where
Online

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