Summit Financial Group has chosen LoanVantage
Summit Financial Group of Moorefield, WV has chosen Vanguard Software Group’s LoanVantage to fully automate and enhance its Commercial Loan Analysis, Underwriting, Review and Management. Integrated with their FIS Bankway core processing system, LoanVantage will allow Summit Financial Group, with assets in excess of $1.4 Billion, to standardize its Commercial Loan Processes including loan requests, financial analysis, underwriting and loan review and automate the management of its growing Commercial Loan portfolio.
“We are pleased to choose LoanVantage and work with Vanguard Software Group, a partner that is uniquely positioned to deliver seamless and robust Commercial Lending automation. LoanVantage will standardize and enhance the processes we have in place, enable us to gain greater consistencies and efficiencies and introduce new products in the future,” said Scott C Jennings Chief Operating Officer and Senior Vice President of Summit Financial Group, Inc. “Working with Vanguard Software Group and their active User Group, we will have significant input into future capabilities and ensure that LoanVantage’s robust capabilities and flexibility will be a major contributor to our on-going success.”
Vanguard Software Group has made its mark on the bank technology market in recent years by forming partnerships with a growing number of financial institutions across the country. As innovators in Commercial Loan automation, Vanguard Software Group is a key partner of its Banks and Credit Unions. Commercial Lending is an important strategic initiative for these customers and LoanVantage’s ability to deliver Commercial Loan Lifecycle Management enables them to improve their current processes and expand their market share.
“We are honored that Summit Financial Group has chosen LoanVantage and pleased that they are already contributing to our User Group. The input from our client partners enables us to constantly improve the delivery of our industry leading Commercial Lending Analytics, Underwriting, Review and Management solution and better serve our customers,” said Mark Hill, President and CEO of Vanguard Software Group. “Automating the complete Commercial Loan Lifecycle and satisfying every one of our customer’s needs is our top priority.”
About Summit Financial Group Inc. – Summit Financial Group, Inc. is a $1.41 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Northern and Shenandoah Valley regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates fifteen banking locations. Summit also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia.
About Vanguard Software Group – Vanguard Software Group is dedicated to building industry leading software for the commercial lending industry and delivering Commercial Loan Lifecycle Management to our Banks and Credit Unions. Since 2006, Vanguard Software Group has developed robust solutions for commercial lending working directly with our client partners and focused on differentiating each and every one of them from their competition. Vanguard Software Group’s passion is collaborating with our client partners to develop systems that significantly improve the efficiencies, output, analytics and accuracy in all areas of commercial lending. For more information, please contact John Bagdon at firstname.lastname@example.org or at 407.475.0005 x1013.