Mountain View Bank of Commerce and Teslar Software today announced their partnership to automate and simplify the bank’s lending operations.
The $180 million-asset community bank launched in 2008 and has scaled significantly since, maintaining an average 10% annual growth rate. One of the bank’s current objectives is to increase their competitive edge by achieving a 20-day average loan processing time. The strategic approach includes leveraging Teslar’s platform to gain efficiencies and streamline processes to help accelerate loan origination.
“We had reached critical mass with our current system and recognized the need to invest in technology that would support our growth and our high-touch approach to customer service,” said Stephen Faillaci, Market President and Co-Founder of Mountain View Bank of Commerce. “Teslar understands community bankers and offers leading tools to automate previously manual processes. And their strong service and support have set them apart as a valued strategic partner.”
The bank is starting by implementing the platform’s exceptions tracking, pipeline, and workflow tools to help unify lending practices, as well as scanning to further streamline operations.
“We are proud to partner with forward-thinking institutions like Mountain View Bank of Commerce, who are dedicated to embracing and truly understanding the technology they invest in,” said Joe Ehrhardt, CEO and founder of Teslar Software. “Through Teslar, the bank is incorporating transparency, automation, and speed into the lending process, allowing them to reach the next level while still maintaining deep, personal client relationships.”