Harland Financial Solutions Experiences Steady Growth for Industry’s Leading Lending Solution- LaserPro®
New Functionality is Introduced as Compliance and Loan Processing Efficiency Remain Top Concerns for Financial Institutions
Lake Mary, Florida (October 17, 2011) – Harland Financial Solutions announced today that LaserPro®, its compliant lending and documentation solution, continues to experience steady growth. The company signed 118 new clients in the first half of 2011.
LaserPro remains the trusted solution for over 3,000 financial institutions nationwide that use it to process and document loans of all types. The solution has been the pioneer for compliant loan documentation, while offering efficiency to lenders of all sizes. LaserPro now has new origination and processing capabilities to make the lending process even more streamlined. Added features include access to credit bureaus and other services, including a 1003-based mortgage data entry workflow.
Pinnacle Bancorp, based in Central City, Nebraska with five charters in eight Midwestern states, chose LaserPro as its compliant lending system because the solution offers the flexibility to accommodate a wide range of loan structures and repayment options.
“After waiting for nearly two years for our previous vendor to provide a market-ready compliant system to replace their outdated system, it was time to consider an alternative. After extensive research of multiple vendors, we went with LaserPro,” said John McHargue, vice president, risk management with Pinnacle Bancorp. “Harland Financial Solutions has continued to support and upgrade the LaserPro platform for decades, rather than require clients to purchase a new system. We are confident that LaserPro documents are compliant and will meet or exceed our demands for many years to come.”
The new origination and processing functionality of LaserPro that was introduced to clients in Q3 this year, is one of the reasons Manufacturers Bank and Trust of Forest City, Iowa is committed to the solution.
“We are always looking for ways to improve processes towards greater efficiency,” said Merri-Beth Hollinger, vice president and senior operations officer for Manufacturers Bank and Trust Company. “As a long-time user of LaserPro, the new mortgage and consumer origination and processing functionality will allow us to be more efficient, as well as integrate to our third-party vendors. This will eliminate double entry to complete the application process and allows the data to flow seamlessly through LaserPro to closing.”
“As we emerge from the financial crisis of the last few years, we find many financial institutions are seeking a best-in-class, well supported and trusted lending solution that addresses the ongoing regulatory changes and contributes to operational efficiencies,” said Mitch Lucas, vice president of lending products and compliance legal for Harland Financial Solutions. “Many of our new clients have selected LaserPro over other solutions to ensure they are ready for the ever changing regulatory environment, and we’re happy to deliver the product of choice.”
About Harland Financial Solutions
Harland Financial Solutions, Inc. (www.harlandfinancialsolutions.com) supplies software and services to thousands of financial institutions of all sizes, offering its solutions in both an in-house and service bureau environment. It is a leader in core systems, business intelligence, branch automation, payment processing, enterprise content management, lending solutions, risk management, compliance, financial accounting, mortgage solutions, and self service solutions. The company is an indirect wholly-owned subsidiary of Harland Clarke Holdings Corp., which also owns Harland Clarke Corp. and Scantron Corporation.
The information contained in this press release is accurate at the time of publication. However, service offerings and availability, relationships, contacts and other specified information may change over time.