IBT Apps, a provider of adaptable core and digital banking software, announced its acquisition of PowerLender, a Loan Origination System, previously owned by ASC Inc. This strategic move expands IBT Apps' product portfolio and provides both their clients and the community banking sector with an in-house Loan Origination option that seamlessly integrates with their existing core and digital banking products.
"This acquisition represents a significant milestone in our journey to expand our presence and offerings in community banking and the financial sector,” says Mark Dittman, Chief Executive Officer of IBT Apps. “We are excited to leverage PowerLender’s innovative lending solutions, to further strengthen our position in the market and better serve our clients. With our shared commitment to exceptional customer service, our core values align perfectly."
PowerLender has been a premier developer of loan automation technology for over 40 years, serving mortgage banks, community banks, housing agencies, and lenders of all sizes.
"PowerLender has been a trusted name in the community banking lending community, and we are confident that IBT Apps will continue to uphold the high standards of service and innovation that PowerLender is known for," says Dave Stricklen, VP of Lending Solutions at PowerLender.
As part of the acquisition, IBT Apps will integrate existing members of the PowerLender team to ensure a smooth transition for current customers, maintaining uninterrupted support for their loan origination needs. Stricklen affirms, "Our team is excited to join forces with IBT Apps to provide enhanced Loan Origination capabilities to our valued customers."
IBT Apps is proud to begin offering the newly acquired Loan Origination System to the community banking environment immediately. To learn more about IBT Apps, and to explore how PowerLender can benefit your business, please visit www.ibtapps.com.
