Web-based commercial loan pricing tool PrecisionLender named new VBA endorsed vendor
Charlotte, NC (PRWEB) January 04, 2016
Pricing management solution PrecisionLender has joined the Virginia Bankers Association’s exclusive list of endorsed vendors, as announced in the latest VBA Executive Brief.
After thorough evaluation, the VBA’s board members found that PrecisionLender provides valuable tools that help lenders hand-craft solutions specifically addressing borrowers’ needs while still meeting bank profitability and growth goals.
Serving as the organized voice for the Commonwealth’s banking industry since 1893, the VBA’s mission is to enhance Virginia banking for the benefit of banks, its customers and its communities. With 115 active members, the VBA works with its endorsed vendors to help them build relationships with member banks.
The North Carolina-based pricing solution is currently used daily by thousands of lenders to price over $12 billion in commercial loans and deposits each month. With PrecisionLender, lenders have the opportunity to improve profitability, build stronger relationships, and gain a competitive advantage. Additional capabilities such as relationship awareness, CRM integration, competitive scenarios, and tracking and reporting make PrecisionLender an industry leader in comprehensive pricing and profitability management.
PrecisionLender is also an endorsed partner of Western Independent Bankers (WIB), a trade association working to inform, educate, and connect community banks across the western United States.
“We are honored to be endorsed by such incredible organizations and can’t wait to continue to expand our relationships with banking associations across the country,” said Carl Ryden, CEO and Co-Founder at PrecisionLender. “Our goal is to empower lenders to create a solution that works for both the borrower and the bank. We look forward to working with the Virginia Bankers Association to provide this opportunity to its member banks.”
PrecisionLender is a web-based pricing management solution used by thousands of lenders every day to price over $12 billion in commercial loans and deposits each month. With PrecisionLender, loan officers finally have a tool they can use, in the moment, to have a constructive conversation that focuses on the borrower’s needs, and allows them to hand-craft a solution that works for both the borrower and the bank. As a result, PrecisionLender clients significantly outperform their peers in both NIM and loan growth. For more information, visit http://www.precisionlender.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/VBA_Endorsed_Vendor/PrecisionLender/prweb13148273.htm