Avidia Bank Announcement
Avidia Bank of Hudson, MA has chosen Vanguard Software Group’s LoanVantage™ to fully automate and enhance its Commercial Loan Sales Opportunity Tracking, Analysis, Underwriting, Review and Management. Integrated with their FIS IBS core processing system, LoanVantage™ will allow Avidia Bank, with assets in excess of $1.3 Billion, to standardize its Commercial Loan Processes including sales and pipeline tracking, loan requests, financial analysis, underwriting and loan review and automate the management of its growing Commercial Loan portfolio.
“We are pleased to choose LoanVantage™ and work with Vanguard Software Group, a partner that is uniquely positioned to deliver seamless, robust and complete front-to-back Commercial Loan automation. With a focus on Risk Management, LoanVantage will standardize and enhance the processes we have in place, enable us to gain greater consistencies and efficiencies and introduce new products in the future,” said Margaret Sullivan, SVP/CFO at Avidia Bank. “Working with Vanguard Software Group and their active User Group, we will have input into future capabilities and ensure that LoanVantage will be a major contributor to our on-going success.”
Vanguard Software Group continues to make its mark on the Commercial Lending technology market by forming partnerships with a growing number of financial institutions across the country. As innovators in Commercial Loan automation, Vanguard Software Group is a key partner of its Banks and Credit Unions. Commercial Lending is an important strategic initiative for these financial institutions and LoanVantage’s ability to deliver Commercial Loan Lifecycle Management enables them to improve their current processes and expand their market share.