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March 9, 2009

Virginia Heritage Bank selects CMSI’s Origenate credit processing system

Origenate automates the entire credit origination process

By CBR Staff Writer

Virginia Heritage Bank has selected Credit Management Solutions’s Origenate credit processing system to support its direct and indirect consumer lending operations.

Credit Management Solutions (CMSI) said that Origenate automates the entire credit origination process, from application through decisioning, underwriting and contract administration and is integrated with a wide spectrum of data and functionality from credit reporting, consumer and vehicle information, decision support and servicing system suppliers.

Origenate also supports indirect vehicle lending through integration with dealer-to-lender communication capabilities from DealerTrack, RouteOne, and other auto loan aggregators, added CMSI.

Richard Johnson, chief consumer lending officer of Virginia Heritage, said: Virginia Heritage chose to implement Origenate in planned stages. CMSI’s team is great to work with and we were able to become operational within a few weeks, we used the Xpress version of Origenate. Then we focused on implementing CMSI’s complete solution, configured to the bank’s requirements, in a controlled manner that follows Virginia Heritage’s desired timetable.

Virginia Heritage Bank is into general commercial banking and is located in Fairfax, Virginia, the bank also serves the surrounding Northern Virginia communities. Virginia Heritage offers a full range of business banking and related financial services focused primarily towards serving small to medium size businesses and the professional community. The Bank serves the employees and owners of these businesses as well as individual consumers who reside and work in its market area.

Virginia Heritage Bankclaims that it supports its personal service approach with the employment of advanced banking technologies.

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