Banking Fintech News

Red River Bank Selects Teslar Software’s Full Suite of Portfolio Management Tools

Red River Bank Selects Teslar Software’s Full Suite of Portfolio Management Tools

$2.8 billion-asset bank chooses end-to-end loan origination platform to boost efficiencies, support growth

Teslar Software, provider of portfolio management tools that aggregate and automate lending and deposit operations for community financial institutions, announced that Red River Bank has selected their end-to-end loan origination platform, allowing the bank to streamline and automate the lending process for all types of loans.

“By partnering with us, Red River Bank is creating new efficiencies that improve the experience for lenders and borrowers alike. We look forward to supporting the bank as they continue their strong organic growth.”

Alexandria, La.-based Red River Bank is currently growing and expanding into additional markets throughout Louisiana. The bank wanted a technology solution that would enhance the lending process, delivering greater productivity and consistency. After thoroughly vetting several providers, the bank selected Teslar Software because of the fintech’s hands-on approach to customer service and their system’s sophisticated customization. The bank is starting with Teslar’s exceptions and construction loan management technology and plans to later implement the comprehensive suite so that all loan processes will run through Teslar.

“Teslar Software’s dedication to supporting their clients in not only successfully implementing the technology but optimizing the platform in the months and years to come was one of the key drivers of our decision,” said Tammi Salazar, chief operating officer of Red River Bank. “Plus, the comprehensive and transparent nature of the platform is really attractive. Teslar’s full suite of modules flows well and integrates seamlessly, helping improve accuracy, quality and turnaround time on complex transactions.”

With Teslar, bank employees will have greater visibility into their customer relationships, enabling them to better serve their customers. Plus, the technology provides notifications based on loan type, which will help strengthen the bank’s compliance and risk posture.

Read More: ZenLedger Raises $6 Million Series A Funding To Simplify Cryptocurrency Taxes and Accounting

“Red River Bank is an innovative institution that recognizes its technology strategy directly impacts its competitive stance,” said Joe Ehrhardt, CEO and founder of Teslar Software. “By partnering with us, Red River Bank is creating new efficiencies that improve the experience for lenders and borrowers alike. We look forward to supporting the bank as they continue their strong organic growth.”

Read More: AffiniPay Announces ClientPay as Leading Brand for the $1.5 Billion Architectural and Design Industry

Related posts

WEX’s Health Division Strengthens Position as Industry Leader

Fintech News Desk

Klarna Expands Flexible Payment Solutions, Launching First Pay in 4 Subscription Service in The US

Fintech News Desk

Nymeo Federal Credit Union Provides Over 70,000 Meals to Frederick Families Through Its $wipe Out Hunger Program

Fintech News Desk
1