WILMINGTON, N.C. –nCino, the leader in cloud banking, announced that Member Business Financial Services has selected its operating system to provide its partner credit unions with automated workflow and greater efficiencies throughout their member business lending processes.
The Pennsylvania-based CUSO, jointly owned by a dozen credit unions and partner to more than a dozen additional credit unions in the Mid-Atlantic region, said it offers a full suite of commercial lending services, primarily servicing its member credit unions’ commercial loan portfolios. It also provides loan underwriting, loan covenant compliance and tracking, closing document preparation services and more. MBFS said it sought to streamline communication and simplify reporting with its credit union partners; the CUSO selected nCino to transform the mechanics of how it communicates in everyday business by automating loan document management, reporting and workflow across all phases of the member business lending process within a single platform.
“MBFS is committed to investing in technology that enables our credit unions to develop stronger relationships with their business members while increasing efficiency, reducing costs and remaining compliant,” said Mark Ritter, CEO of MBFS. “nCino allows us to provide our member credit unions with one platform that ties together loan origination, document management and portfolio administration. Our member credit unions and their borrowers will greatly benefit from nCino as loans will now be delivered faster and with more transparency.”