We’re eager to announce that Midwest Bank, a locally-owned community bank, providing loans, mortgages, financial planning and investment services throughout central Illinois, is officially live on Lendsmart’s AI-driven mortgage lending software.
With Lendsmart’s technology, Midwest Bank is digitizing up to 70% of its lending and home buying processes. As a result, providing instant approvals and helping customers acquire a loan in a matter of weeks. The platform brings all parties involved together to unify the process every step of the way.
“Our business was built on the relationships we have with our customers, and partnering with Lendsmart allows us to offer them a superior experience when it comes to applying for a loan or moving into a new home,” said Chris Gavin, President & CEO at Midwest Bank. “We’re looking forward to evolving our digital lending and mortgage capabilities with Lendsmart’s support.”
We are pleased to be helping Midwest Bank significantly reduce loan origination processing time to close more loans and improve the borrower experience.