Ease of Implementation is key to Abington Savings Banks Relationship with Transcor Group

Under its unique Lending by Design program Transcor Group designed and implemented a custom LOAN ORIGINATION SYSTEM to help Abington Savings Bank achieve their business objectives, including an implementation that did not interrupt business operations.

(PRWEB) July 22, 2003 -- Abington Savings Bank of Whitman, Massachusetts recently converted to Transcors Consumer Enterprise Lending System (Consumer ELS). Abingtons main concern in choosing a company to develop and deliver their custom loan origination system was that the implementation process put as little strain on their staff and business operations as possible. Customization and a smooth implementation sounds like a tall order to financial institutions that are often promised both from their IT vendors, but rarely experienced the reality of both.

Under its unique Lending by Design program Transcor Group accomplished both objectives offering tailored application design and deployment to help Abington reach their business objectives, backed by a team of highly skilled and experienced systems and service personnel. Transcors staff has in depth industry knowledge and has developed a unique Systems Automation Methodology (SAM") that facilitates custom application development and delivery for every client.

Delivering the best products and services for our clientele necessitates clearly defined procedures and discipline and that is what we ensure through the execution of our Systems Automation Methodology," said Todd Bell, Director of Business Development for Transcor Group.

And what does Abington Savings Bank have to say about their experience with Transcor? "Our implementation of Transcors Consumer ELS system went very smooth! Their implementation team was very knowledgeable and efficient in getting the system ready for production. They came out here for five (5) days and we were up and running. On a side note...our users were very excited to see the customization additions Transcor made to the system so that it looks and functions the way we had requested", said Tracy Hallisey, Assistant Vice President of Consumer Lending for Abington Savings Bank.

About Abington Savings Bank
Abington Bancorp, Inc. located in Weymouth, Massachusetts is a one-bank holding company that owns all of the outstanding capital stock of Abington Savings Bank (Abington"). Abington Bancorp, Inc. was reestablished as the Bank's holding company on January 31, 1997.

Abington operated as a Massachusetts chartered mutual savings bank from its incorporation in 1853 until June 1986 when the Bank converted from mutual to stock form of ownership. From December 1992 to the present, the Bank has operated as a stock-owned savings bank.

Abington is engaged principally in the business of attracting deposits from the general public, borrowing funds, and investing those deposits and funds. In its investments, the Bank has emphasized various types of residential and commercial real estate loans, residential construction loans, consumer loans, and investments in securities. Abington considers its principal market area to be are the Plymouth and Norfolk Counties of Massachusetts

In 1999, the Bank purchased Old Colony Mortgage Corporation, a mortgage company headquartered in Brockton, that also has offices in Plymouth, Fall River and Auburn. Old Colony Mortgage operates as a subsidiary of Abington Savings Bank.

About Transcor Group
Transcor is the industry-leading provider of mission critical custom loan origination systems serving Consumer, Consumer Indirect, Mortgage, Construction and Commercial lending lines of business.

Building on a solid commitment to quality, efficiency and return on investment Transcor's Lending by Design program offers clients the ability to tailor their Enterprise Lending Systems (ELS) to meet the challenges of their dynamic market.

For customers that need to be able to compete with the latest technologies in lending solutions, and accommodate future growth without immediate customization work, Transcor offers the ELS Cornerstone suite.

Transcor is dedicated to providing total solutions, products and services that support customer's business objectives and provide a real return on investment. This approach to serving our customer's needs has led to the introduction of new products and services.

For more information please contact Todd Bell, Director of Business Development at (602) 222-9005 or visit our web site at www.transcorgroup.com