DCI Offers Digital Loan Origination Solution with Hawthorn River and TruStage™ Compliance Solutions
HUTCHINSON, KAN., July 10, 2023 – What do you get when you combine a proven core provider, a loan origination solution, and interconnected digital compliance documentation? An all-in-one, fully integrated, loan origination solution for community banks and credit unions.
DCI (Data Center Inc.), the privately-owned developer of core processing, digital banking, and fintech processing solutions, has partnered with Hawthorn River and TruStage Compliance Solutions to offer financial institutions a digital loan origination solution that integrates seamlessly with DCI’s iCore360 platform, streamlines workflow management, automates lending processes, optimizes compliance, and generates compliance documentation at the end of loan transactions.
Hawthorn River’s automated operational activities and standardized end-to-end loan processes are optimized by TruStage Compliance Solutions’ proactive compliance monitoring and dynamic document technology to produce fully warranted, compliant loan document packages. When combined with DCI’s GoDeposit platform, data and compliant documents are produced in real-time. This integrated partnership significantly reduces data entry and manual effort for banks, increasing efficiency and customer satisfaction.
“The digitalization of the banking industry is happening quickly, and financial institutions and their customers have evolved their expectations for what constitutes an ideal transaction experience,” said Chris Appie, president TruStage Compliance Solutions. “They expect 24x7x365 loan approvals. By offering an all-in-one loan origination solution and embedded compliance documentation, DCI enables community financial institutions to serve their customers better and differentiate themselves from the competition.”
A huge plus of the partnership DCI has with Hawthorn River and TruStage Compliance Solutions is the ability to quickly implement banks.
“Our preconfigured platform allows banks to start testing the loan process, including compliance documents, immediately after signing,” said Jon Rigsby, co-founder and CEO of Hawthorn River. “This also gives banks the flexibility to test different loan applications or complex compliance documentation based on their needs.”
The quick and efficient implementation process, along with the added efficiencies and time-saving workflows help community financial institutions grow their loan potential.
“We have found the perfect combination,” said Sarah Fankhauser, DCI’s President and CEO. “Our partnership with Hawthorn River and TruStage Compliance Solutions allows our banks to streamline their whole lending process, from application to closing documentation. It means less work and more efficiency for our bankers, and enhanced service for their customers.”
DCI is the developer of the award-winning iCore360® core banking software, plus iCoreGO® digital banking and fintech processing solutions for community financial institutions nationwide, including those using other core platforms. DCI is privately owned by a group of bank clients, with several serving as board members and user group leaders. DCI also provides private ATM network/card management, FrontLine® teller software, custom analysis, risk/vendor management, and more. For additional information about DCI, visit www.datacenterinc.com or contact firstname.lastname@example.org.
About TruStage Compliance Solutions
Compliance Systems, LLC and LOANLIONER have been industry-leading providers of compliance technology and documentation to banks and credit unions. In 2023, the two providers were unified under one brand, the financial industry’s leading provider of digital and dynamic compliance content, TruStage Compliance Solutions. Its technology effectively enables deposit, IRA, and loan transactions with configurable content that supports business flexibility and operational efficiency. With more than 44 years’ experience with financial documentation, TruStage Compliance Solutions supports more than 5,400 banks and credit unions. For more information, please visit www.trustage.com.
About Hawthorn River
Hawthorn River is community banking software designed by community bankers. Their mission is to position community banks to remain competitive and independent in a rapidly consolidating industry. From streamlining the end-to-end lending process to automating specific steps along the way, Hawthorn River helps community banks increase productivity, reduce regulatory risk and elevate the borrower experience. For information, visit www.hawthornriver.com.
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