Irving, TX (PRWEB) October 03, 2012
Crossvale, a leading benchmarking and Business Process Management solution provider, announced today it was selected by a Top 10 international bank to automate its U.S. mortgage loan origination system. The project will reduce the time required to process a mortgage by 75%, improve customer service and create competitive advantage.
Crossvale's solution was selected after a thorough vendor evaluation conducted over many months. The evaluation process involved initial meetings, production of a demo onsite and a proof of concept. Crossvale was chosen based on its reputation for delivering complex solutions, system scalability, rapid results and deep implementation expertise.
The bank has more than $500 billion in total assets, 40+ million clients, over 100,000 employees in more than 30 countries and operates more than 600 U.S. branches. The Crossvale solution integrates CRM, ERP, Oracle, E3 and other core banking systems to streamline approval of 4,000+ mortgage applications annually.
Additionally, the bank will leverage Crossvale's real-time analytics to provide management the information to measure and manage employees. Crossvale delivers the agile solution efficiently by extending the bank's technical capacity, avoiding the constraint of finite expert and specialized skills across the project lifecycle.
"Crossvale is delighted to deliver scalable, adaptable solutions matched to the culture and systems of the banking institution," said Crossvale President Jason Sharp. "For businesses of any size, core business processes are competitive assets. In this case, we are streamlining and modernizing the origination system so the bank can meet its strategic goal of doubling retail mortgage lending in short order."
Crossvale, a business process solution provider founded in 2001, is a rapidly expanding provider of process improvement, business benchmarking, and transformation consulting. Utilizing best practices and implementation insights, Crossvale professionals use an empirically-based approach to quickly define and implement initiatives that enable rapid performance improvement. Crossvale customers include more than 50 Fortune 500 companies including BBVA Compass, Dell and Merck. For additional information, visit http://crossvale.com.
More information on Crossvale’s Banking Solutions is available: by phone at (866) 472-7945 or, by e-mail at info(at)crossvale(dot)com.