IBT Apps, a provider of adaptable core and digital banking software, announced its recent acquisition of PowerLender, a distinguished Loan Origination System, previously owned by ASC Inc. This strategic move expands IBT Apps' product portfolio and provides both its clients and the community banking sector with an in-house Loan Origination option that seamlessly integrates with their existing core and digital banking products.
Specialized Data Systems, Inc., private-labels the PowerLender software under RemoteLender. The private-label relationship for the PowerLender software between IBT Apps and Specialized Data Systems will continue and IBT Apps will continue to support Specialized Data Systems.
"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 / RemoteLender’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 and RemoteLender are a developer of loan automation technology for more than 40 years, serving regional banks, community banks, credit unions and lenders of all sizes.
"Specialized Data Systems is known for partnering with high quality software providers,” says Marc Riccio, President of Specialized Data Systems, remarked. “The acquisition of PowerLender by IBT Apps will ensure we have added another trusted partner to our marquis of products. Plus, we are confident that IBT Apps will continue to uphold the high standards of service and innovation that PowerLender/RemoteLender is known for."
IBT Apps is proud to begin offering the newly acquired Loan Origination System to the community banking environment immediately. To learn more about the RemoteLender product and to explore how it can benefit your business, please visit www.specializeddata.com.
