AmTrust Bank Chooses KeyMark Inc For Document Capture Implementation
AmTrust Bank recently announced they have selected KeyMark Inc to execute their latest technology implementation: a fully integrated document capture and classification system. AmTrust has consistently been acknowledged by Mortgage Technology Magazine for their use of technology in the mortgage lending industry. Most recently they were selected as one of the magazine's top 25 Tech-Savvy Lenders.
"We are very excited to embark on this relationship with KeyMark," said Jon K. Baymiller, Executive Vice President of AmTrust Bank. "This decision is consistent with our strategic direction to streamline business processes, shorten cycle times, and further reduce our loan acquisition costs by deploying smart technology solutions across all major aspects of the mortgage banking business."
In its nearly 120-year history, AmTrust has grown from a local savings and loan with an office in Cleveland, Ohio, to one of the 20 largest mortgage lenders in the country. As the preeminent leader in mortgage technology, AmTrust's e-Vision began in 1999 with the deployment of Gemstone, the bank's award-winning business-to-business website. Gemstone efficiently integrates most loan processes and offers the ultimate in control, speed and ease for the Correspondent/Broker. With KeyMark, a leader and innovator in document capture, management and workflow processes, AmTrust will have the ability to automatically identify and process mortgage loan documents as soon as they receive them. The KeyMark solution will improve efficiency, accuracy, reduce costs, and shorten the amount of time it takes to handle loan documents. Additionally, this technology will aid in mortgage fraud detection and prevention. KeyMark's solution incorporates Kofax's Advanced Capture technology for document classification and utilizes the Fujitsu 4099, 4097 and Kodak i610 scanners AmTrust already had for a fully automated end-to-end process.
" "This is a testament to AmTrust's strength," commented Ed McQuiston, KeyMark's VP of sales. "At a time when most banks are cutting spending, AmTrust is continuing its commitment to the progressive use of technology that will save them a significant amount of time and money associated with loan processing. This implementation will allow them to continue to grow their volumes, while avoiding hiring extra personnel as well as improving the speed and accuracy of their loan processing system. They will be servicing more customers more efficiently."
About KeyMark Inc:
KeyMark Inc is an award-winning document capture, management and workflow systems provider founded in 1996. They combine cutting-edge technology and innovative minds to create customized solutions that resolve today's business issues and anticipate tomorrow's. KeyMark has helped clients increase efficiencies and decrease operating costs in various industries including: healthcare, accounts payable, accounts receivable, government, insurance, lending and human resources. KeyMark is headquartered in Liberty, S.C. with offices and affiliates in: Columbia S.C.; Indianapolis, Ind; Lancaster, Pa; Boston, Mass and Twin Cities, Minn. For more information about KeyMark, go to www.keymarkinc.com.
About Kofax
Kofax plc is the leading provider of Intelligent Capture & Exchange solutions. For more than 20 years, Kofax has provided award-winning solutions that automate document-driven business processes by managing the transformation and exchange of business-critical information arising in paper, fax and electronic formats in a more accurate, timely and cost-effective manner. These solutions provide a verifiable return on investment to thousands of customers in financial services, manufacturing, retail, government, healthcare, business process outsourcing and other markets. Kofax delivers these solutions through its own sales and service organizations, and a global network of more than 1,200 authorized partners in the more than 60 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit http://www.kofax.com/.
About AmTrust Bank:
AmTrust Bank was founded in 1889, and is headquartered in Cleveland, Ohio. AmTrust has grown from a local savings and loan with one office to a leader in retail banking, with branch offices in Florida, Ohio and Arizona. AmTrust proudly offers our customers customized checking, investment and small business services and is among the top 20 home loan originators in the country and also specialize in commercial construction lending. In addition, AmTrustDirect.com, a division of AmTrust Bank, offers online deposit products nationwide. AmTrust is dedicated to providing the products customers need along with the extraordinary service they deserve. For more information, visit www.amtrust.com.
SOURCE: KeyMark Inc.