New York – (BUSINESS WIRE) – January 7, 2022 –
Citizens State Bank, a Wisconsin-based community bank focused on commercial and personal banking products, has chosen Lendsmart, an artificial intelligence-driven digital lending platform, to improve digital lending operations and deliver a seamless customer experience.
Using Lendsmart’s AI technology, Citizens State Bank will be able to process more loans and help its customers get a loan within weeks. Lendsmart digitizes up to 70% of home lending and home buying, automating manual tasks, improving accuracy, reducing lender risk, and lowering construction and operating costs.
Since 1904, Citizens State Bank has been committed to making the loan experience as seamless and seamless as possible for its customers, whether they are buying, building, remodeling or refinancing.
“We know the banking industry has changed a lot over the years, and we are committed to providing the best service and technology to our valued customers,” said Sean Tyler, Senior Vice President and Chief Credit Officer at Citizens State Bank. “Lendsmart will allow us to offer a more efficient process through one comprehensive platform that brings together what was previously a disjointed process.”
Working with Lendsmart Citizens State Bank will enable it to deliver a superior experience to its customers using artificial intelligence technology that automatically completes elements of mortgage applications, validates data in real time to provide instant approvals, and brings all parties together on a single platform to standardize processing.
“Our centralized platform reduces loan creation processing time and saves operational costs for the benefit of both lender and borrower,” said AK Patel, founder and CEO of Lendsmart. “We are pleased to support Citizens State Bank as they continue to grow their digital lending capabilities.”
Lendsmart, founded in 2018, is an AI-powered digital lending platform that automates and digitizes the lending and home buying processes to create an automated single conversation experience for banks, credit unions, and non-bank lenders. Using artificial intelligence to digitize up to 70% of lending and home buying, Lendsmart allows borrowers to get a loan, refinance or buy a home in record time. For more information, visit https://lendsmart.ai.
About Citizens State Bank
Citizens State Bank is a privately owned community bank with head office located in Hudson, Wisconsin and five branches on the western side of the state. Citizens State Bank focuses on commercial and personal banking products and always strives to be the right bank…now. For more information, visit https://www.csbnet.net.
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Keyword: New York, United States, North America
Industry keyword: financial professional banking technology software
Copyright Business Wire 2022.
Published: 07/01/2022 01:19 PM / Disc: 07/01/2022 01:19 PM
Copyright Business Wire 2022.