New Market Bank and Teslar Software partnered to streamline the bank’s commercial and consumer lending processes. The bank will leverage Teslar’s configurable lending process automation platform, starting with exceptions management.
“During the pandemic, Teslar Software proved that they stand with community banks during highs and lows, which made them stand out over other providers,” Terra Henry, vice president of loan operations at New Market Bank, said. “Though we are a smaller, family-owned institution, we’re committed to investing in the technology we need to keep up with changing expectations. With Teslar’s platform, our team can complete tasks faster and more easily, freeing up time to focus on deepening relationships with our loyal customers, many of whom we’ve served for generations.”
Teslar’s toolset will automate and standardize loan processes to speed up loan origination and maintenance, making it more efficient for lenders. With enhanced visibility and communication between departments, New Market Bank will be able to grow without adding resources.
“New Market Bank understands that there doesn’t have to be a choice between exceptional, local service and leveraging modern technology,” Joe Ehrhardt, CEO and founder of Teslar Software, said. “With Teslar, the bank will be able to spend less time gathering documents and more time doing what they do best: building meaningful relationships with their customers. We look forward to supporting New Market Bank as they continue to grow.”
