CLCS Users Conference, May 17-21, 2009
"CLCS
- A sure fit in uncertain times" is the theme for this year's
Conference to be held in Westlake Village,
California.
Timely to this theme is
the opportunity to share just-completed research on national construction
lending reengineering efforts underway at a number of the largest banks and
several community banks.
For further information, email
Ann.Freeman@clcsiii.com.
CLCS III - Control of Defaulting Loans
Data Select is actively assisting
clients with a need to utilize CLCS III for
control of defaulting loans.
Non-performing, foreclosed, and REO
assets are controlled on CLCS III.
This functionality was developed during the Savings and Loan crisis, when CLCS III
was the "system of record" for the RTC.
Data Select
Systems, Inc. - 27th Anniversary
On February 2, 2009, Data Select celebrated its 27th Anniversary.
Expertise, strength, and trust over the past
27
years have built Data Select into the company it is today.
Data Select has a large client
base in the banking industry of North America, and its CLCS
III System is the standard for construction loan
control. CLCS
III commands a 50% market share, servicing over $400
billion in construction loan outstandings.
CLCS III
- New Release
Release 2.4 of CLCS III
is being distributed to all clients (server and mainframe) that are requesting this system
upgrade.
CLCS III - Website Integration
CLCS
III Release 2.4 is now integrated
with a bank client's Internet Portal for borrower customer service. This
portal is expected to reduce servicing costs by providing near real-time
access to servicing information.
CLCS
III - 2009 New Business
So far in 2009, three nationwide banking
organizations and one of Canada's largest bank holding companies are
implementing the CLCS
III System to standardize their bank-wide construction loan
control. In addition, three regional banking organizations have joined
the expanding CLCS
III client base.
Former CLCS
Users (Alumni) continue to drive expansion of the CLCS
III client base.
In addition to new business, current
clients are expanding the
use of CLCS
III across their
enterprises with the addition of business units, portfolios, and interfaces. A
top 10 U.S. bank is in the process of migrating the remainder of its regions
to CLCS
III, which has been designated a corporate strategic system.
CLCS
III - Oracle/MS SQL
Integration
Ten CLCS
III client banks have now
installed the Oracle/Microsoft SQL Integration Module. The benefits of this integration
module for CLCS
III clients include near
real-time information for management decision-making and website customer service.
CLCS III - Superior Rating
Once again, the CLCS
III System received a superior rating by the internal auditors of a nationwide
banking organization. This rating is based on:
Data Select - Business Partnerships
Data Select is continuing to build
strong business partnerships with the top U.S. financial service organizations.
One such partnership has 19 common clients.
To accommodate a growing client
base, Data Select has expanded its client support staff.