ANN ARBOR, Mich. – To speed up the lending process, Michigan Business Connection has aligned with Bankers Systems, Inc.'s Rembrandt Lending System. MBC, which became a legal entity in March 2004 and began serving members in August, has amassed more than $3 million in business loans, according to William Beardsley, president/chief lending officer of the CUSO. Beardsley said one of the main reasons MBC chose Bankers Systems' Rembrandt was because “the technology behind the solution is fast, reliable, and helps us perform documentation more accurately.” In addition, the lending system also allows the CUSO to “automatically select the documents (needed) for each transaction, eliminating any guesswork on our part,” and the ability to interface with Baker Hill's OnePoint, MBC's credit relationship management solution MBC was founded by five Michigan CUs: MidWest Financial CU; State Employees CU, Lansing; Detroit Edison CU; Macomb Schools and Government CU; and Christian Financial CU, Roseville. Bankers Systems' Rembrandt Lending solution is based on the company's compliance knowledge base, Experer, and industry best practices, according to the company.
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