Digital Matrix Systems, Inc., creator of innovative solutions that enhance credit-based decisions, announced today that IA Systems has extended its agreement to continue use of CreditServer ™ within its flagship loan origination system, StreamLend ® Velocity .
IA Systems is a strategic business unit of Open Solutions Inc. ® and a leading provider of lending software and services for financial services providers. StreamLend ® Velocity is a paperless, Web-based loan origination system that speeds credit and loan decisioning, integrates sales channels and manages risk for financial institutions.
“The two companies have worked together since 2003, and we consider our partnership to be a good fit for both organizations,” said David Van Pelt, senior director of software development for IA Systems. “Since we offer our clients an innovative flexible loan origination system, we needed to integrate a secure product that would keep credit inquiries simple. That’s where CreditServer ™ and DMS come in,” added Van Pelt. “CreditServer ™ makes it easy to make credit bureau inquiries from multiple sources and receive the information directly into our system. DMS offers the technology and expertise to make that happen.”
“This solution integrates well with IA Systems’ mission to offer technology that streamlines business operations for credit unions, banks and other financial institutions,” said David McGough, president of DMS. “Using CreditServer ™ is also a great way for our clients to eliminate software licensing fees and communication lines.”
About Open Solutions IA Systems
IA Systems, an Open Solutions Inc. ® business unit, provides high-quality software solutions and services that automate lending operations and streamline business processes for the financial services industry. Open Solutions is a leading provider of integrated enabling technologies for financial service providers across the United States, Canada and other international markets.
Its flagship product, StreamLend ® Velocity , provides credit unions, banks and other financial institutions with a loan origination system that is one of the most powerful, flexible and easy to use products in the lending industry. For more information about IA Systems and its products and services, visit www.IASystems.com , email iainfo@opensolutions.com or call (800) 803-7554, ext. 279.
About Digital Matrix Systems, Inc.
DMS is a credit industry leader that helps clients make better informed business decisions by recognizing trends and delivering integrated products. Backed by 25 years of experience, DMS offers professional services and innovative products that fulfill credit industry needs. Through its consulting services, DMS works with each client to gain a true understanding of their business goals and then tailors a solution. For more information, visit www.dms.net .