Integra Financial Corp. is installing software to consolidate its lending operation onto its own client-server-based system.
The Pittsburgh-based regional bank will use the new software -- from Credit Management Solutions Inc. -- to run both its direct and indirect loan areas. The system, called CreditRevue, will handle lending from data entry to funding, including credit scoring, credit bureau retrievals, and contract reviews.
Servicing for Integra's loan side now is divided among service bureaus and in-house, PC-based systems and manual operations.
The consolidation will prepare the bank for an expected period of growth, said Joseph W. Amy, executive director of credit policy at Integra.
Large Banks Convert
CreditRevue runs on midrange, open systems; Integra's system operates on hardware from AT&T Global Information Solutions, formerly NCR Corp. As client-server-based architecture becomes more popular among banks, CMSI has seen many large bank customers convert to its software.
"We, like all players in the consumer lending market, face fierce competition," said Thomas Golonski, executive vice president at Integra. "We can't rely on a mainframe environment because we have to be able to react and respond to a rapidly changing industry."
Move into Pennsylvania
Bane One Corp., NationsBank Corp., Wachovia Corp., U.S. Bank Corp., and Boatmen's Bancshares all use CreditRevue loan software.
The sale to Integra marks CMSI's entry into Pennsylvania.
CreditRevue was first developed in 1985, well before personal computers gained a firm foothold in the banking industry. But according to Scott Freiman, an executive vice president at CMSI. the software was created with. greater use in mind for relational data and distributed systems.
CreditRevue takes five months to one year to install, Mr. Freiman said.