Sunwest Bank Chooses Wolters Kluwer Financial Services’ TSoftPlus to Help Grow SBA Loan Program

Minneapolis, MN - 2 November 2011

Wolters Kluwer Financial Services announced today that Sunwest Bank in Tustin, Calif. has chosen the company’s TSoftPlus™ Small Business Administration (SBA) lending solution to help take advantage of the bank’s growing opportunity to participate in government guaranteed lending.

Wolters Kluwer Financial Services launched the TSoftPlus solution in February of this year to help banks and credit unions originate SBA loans more rapidly and efficiently while meeting SBA program guidelines and regulatory requirements. The new solution builds upon the company’s TSoft SBA FormMaster+ software that financial institutions have come to rely upon for efficient and compliant SBA loan processing for more than 15 years.

Sunwest Bank had previously used TSoft FormMaster+ in the processing and origination of SBA loans but made the switch to TSoftPlus for several reasons, according to Steve Gaston, senior vice president, and Kim Dague, assistant vice president and SBA loan co-ordinator for the bank.

“TSoftPlus integrates better with our SBA lending workflow, helping us to automatically generate the required compliance documents, which is a real time-saver as our customers’ demand for SBA lending is rapidly increasing,” said Gaston. “TSoftPlus also gives us the ability to manage our SBA lending transactions from beginning to end. While we do currently outsource some of our SBA loan origination, we’re confident TSoftPlus will help us realize our goal of eventually moving the entire process in-house.”

TSoftPlus builds upon the prior TSoft FormMaster+ solution by offering financial institutions an updated browser-based user interface that is easy to navigate. It can be accessed via a bank or credit union’s intranet and is fully-scalable for single or multiple organizations. Because it is browser-based, the solution does not require additional installations or updates on each workstation when new versions are released. And because the bank or credit union hosts the software and all borrower data on its own intranet, it controls the security of this information.

The TSoftPlus solution also utilizes Wolters Kluwer Financial Services’ automatic document selection technology to produce easy-to-use, PDF loan files for e-mail, printing and submission to the SBA. The solution can fully integrate with the SBA’s Authorization Wizards using Microsoft Word®, which allows banks and credit unions to submit loan applications and receive approvals through the SBA’s E-Tran system. In addition, banks and credit unions can also perform financial analysis in Microsoft Excel, which is integrated within the solution.

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