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CHB Implements Credit Origination System

July 15, 2020, 07:15 AM
Filed Under: Industry News

CHB has implemented DecisionComplete, a credit origination solution provided by Dominion Leasing Software, which will create internal efficiencies, provide an improved product and better serve clients.

It was designed for seamless credit application processing. With the new system, CHB now processes all applications, from start to finish, through a digital portal. This new tool permits a near-paperless environment and reduces the number of staff hours needed for data entry. Pertinent financial and equipment information is entered one time and required documents are autogenerated.

Further, the system utilizes an intelligent workflow process which results in quicker underwriting and handling increased finance volumes. This acceleration will benefit CHB clients with fast decisions, shorter turn-around times, and reduced redundancies.

Finally, the implementation of DecisionComplete will enable CHB to grow and expand its reach within the equipment finance industry by leveraging the customer relationship management module. This capability will help CHB develop new partner relationships.

CHB provides competitive fixed-rate loans and leases and has the ability to operate in 49 states. It is part of Platte Valley Financial Service Companies, Inc. which in addition to C.H. Brown Co. LLC., Wheatland, Wyoming also consist of Platte Valley Bank in Scottsbluff, Gering, Bridgeport, Morrill, and Sidney Nebraska; Platte Valley Bank in Casper, Torrington, Cheyenne and Wheatland, Wyoming; Mountain Valley Bank in Walden, Steamboat Springs, Hayden, and Meeker, Colorado; J.G. Elliott Insurance Center in Scottsbluff, Nebraska and Casper, Torrington and Wheatland, Wyoming.

Dominion Leasing Software provides enterprise software and services to the equipment finance industry throughout the U.S. and Canada. Located in Powhatan, VA, its solutions are used by banks, credit unions, independent finance companies, transportation companies and vehicle lessors.

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