Lenders Cooperative, a leading provider of loan origination and servicing technology to U.S. financial institutions, announced that South Shore Bank, a full-service mutual bank serving Eastern Massachusetts, has selected its platform to strengthen and scale its small business lending operations.
Lenders Cooperative’s loan origination and servicing platform provides end-to-end automation from loan application through servicing, with built-in configurability and robust workflow management. South Shore Bank leverages the platform to automate and standardize back-office collaboration across the loan life-cycle while presenting a streamlined experience the borrower.
“South Shore Bank is deeply rooted in its community and forward-thinking in its approach to technology,” said Christopher McClinton, President of Lenders Cooperative. “We’re honored to support their efforts with technology that aligns with their growth and underwriting services that complement their strong internal team.”
South Shore Bank is a full-service mutual bank with approximately $2.3 billion in assets. As a locally managed mutual bank, we believe the most valuable and enduring success is success that is shared. Together, we work to help our people, clients and communities thrive. With an extensive set of financial products, the Bank serves as a trusted advisor for business and personal clients as they navigate their unique financial journeys. All deposits are insured in full. The FDIC insures all deposits up to $250,000 per depositor and up to $250,000 per depositor for Individual Retirement Accounts (IRAs); all deposits above this amount are insured by the Depositors Insurance Fund (DIF). For more information, visit southshorebank.com.
Lenders Cooperative is the provider of the only platform in the market that automates and manages the complete loan life cycle from application intake to origination to servicing. Its customers have ready access to SBA Lender Service Provider (LSP) support, credit underwriting, loan operations, and more—empowering financial institutions to scale lending operations with greater speed, efficiency, and confidence.
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