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Torrington Savings Bank Selects Specialized Data Systems to Provide Hosted Loan Origination and Processing Solution

Torrington Savings Bank Selects Specialized Data Systems to Provide Hosted Loan Origination and Processing Solution

BRANFORD, CT, May 25, 2009 – Specialized Data Systems (SDS), a leading lending technology integrator, today announced that Torrington Savings Bank (Torrington) in Torrington, Connecticut has decided to implement its RemoteLender™ ON-DEMAND Loan Origination System. Once implementation is finalized, Torrington will have convenient Web-based access to a system that delivers the full flexibility and power of a client/server-based LOS.

Torrington was looking for a loan origination and processing system that could provide better functionality than the legacy origination system it had been using, but one that would not necessitate an increase in IT infrastructure or require a significant upfront investment. The bank also wanted a system that would offer real-time interfaces with third-party providers to boost process efficiency and encourage a more paperless environment. Since RemoteLender delivers on all of those fronts, it was the ideal solution to meet Torrington’s specific needs.

“When communicating with SDS, we explained that we were looking for a cost-effective, yet full-functioning, origination system that would enable us to most effectively manage our origination and processing efforts in both the mortgage and consumer markets,” said Jeff Geddes, SVP of Torrington Savings Bank. “That’s when we learned about RemoteLender. It provides the high-level functionality we need in both segments of our business while keeping cost at a minimum.”

About Specialized Data Systems
Specialized Data Systems provides dependable, cost-effective lending and business continuity solutions to the financial industry. The company’s software and services help clients to improve their lending performance and safeguard their business operations.

Specialized Data Systems partners with industry-leading software and other companies to offer best-in-class technologies to its clients.



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