ST. CLOUD, Minn. - Bankers Systems has partnered with SalemAssociates to bring expanded business lending documentation tocredit unions. Norcoss, Ga.-based Salem Associates, an ITtechnology firm, now offers its credit union clients that utilizeits Lending Automation and Processing System (LAPSr) an interfaceto Bankers Systems' Rembrandtr Lending System, which helps creditunions and (CUSOs) produce business lending documentation. Theinterface between LAPS and Rembrandt Lending eliminates a creditunion's need to rekey member data, saving time and improvingaccuracy, according to the firms. Salem Associates' LAPS providesmanagement with complete control over the credit union'scommercial, construction, real estate, and retail lending cycles -including the loan origination and application processes, riskmanagement, spread analysis, decision making, pricing, and loanparticipation. The LAPS Construction module allows credit unions tooriginate multiple construction projects for a single member, planconstruction budgets, manage draws, issue construction lines ofcredit, evaluate property's debt service, perform rent rollanalysis, and numerous other features to manage every aspect of aconstruction loan.

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