Nation’s top banks leveraging CLCS to reduce risk, improve
CLCS manages every aspect of banks’ commercial and construction loan portfolios, enabling them to handle a larger number of loans at any given time by eliminating time-consuming, manual processes. Data Select updates the software according to each legislative change, greatly reducing risk associated with these loans as well as banks’ regulatory compliance concerns.
“The construction lending market is at its strongest level since 2006, and we are proud to work with many of the top banks that are driving this momentum,” said
In addition to top banks in the U.S. and
Founded in 1982, Data Select initially automated construction loans with the development of its Construction Loan Control System (CLCS) software. CLCS has evolved into a comprehensive, automated solution that includes both residential and commercial construction loan control as well as other aspects of commercial real estate, such as permanent loan servicing. CLCS currently services more than 51 percent of North America’s construction loan outstandings (
For Data Select/CLCS
Source: Data Select