View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 24, 2008updated 06 Sep 2016 2:35pm

Guaranty Bank selects Cypress’s Mark IV software

Guaranty Bank, a subsidiary of Guaranty Financial Group, has selected Cypress Software Systems's Mark IV software to automate the bank's consumer loan operations.

By CBR Staff Writer

Cypress Software installed Mark IV in summer 2008 in the bank’s retail loan center. The software helps Guaranty’s loan officers process consumer credit requests for all of its 160 banking centers across Texas and California, said Cypress.

By the first quarter of 2009, Guaranty also plans to deploy Cypress’s WebApp module, allowing banking center associates to submit consumer loan applications online directly to the Mark IV system. WebApp will also be employed in the bank’s program lending area, enabling acceptance of consumer credit applications referred by companies participating in Guaranty’s program lending, added Cypress.

Monica Maguire, senior vice president and director of the retail loan center at Guaranty Bank, said: We were looking for a technology solution that was more user-friendly than our previous lending system and provided the reporting functions we need to make timely, informative decisions. Cypress’s Mark IV was the answer. In addition, the software will help bring additional speed to our underwriting, and help us better manage risk.

We’re also excited about Cypress WebApp tool, which will add a new dimension to our loan operations and provide an added level of customer service.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU