WESTLAKE VILLAGE, Calif.--(EON: Enhanced Online News)--Data Select, the global provider of the CLCS software for commercial real estate banking, construction loan control and permanent loan servicing, announced today that 15 of the top 30 banks in the U.S. now use CLCS in their commercial and construction lending departments.
“CLCS makes it possible for banks to automate the management of their commercial and construction portfolios, ensuring they can remain focused on providing exceptional customer service.”
CLCS manages every aspect of banks’ commercial and construction loan portfolios, enabling them to handle a larger number of loans at any given time by eliminating time-consuming, manual processes. Data Select updates the software according to each legislative change, greatly reducing risk associated with these loans as well as banks’ regulatory compliance concerns.
“The construction lending market is at its strongest level since 2006, and we are proud to work with many of the top banks that are driving this momentum,” said Phil Freeman, founder and CEO of Data Select. “CLCS makes it possible for banks to automate the management of their commercial and construction portfolios, ensuring they can remain focused on providing exceptional customer service.”
In addition to top banks in the U.S. and Puerto Rico, CLCS currently serves the largest banks in Spain, Canada, France, Japan and Scotland. Government entities such as Fannie Mae and several city and state departments also benefit from CLCS.
About Data Select Systems, Inc. and CLCS
Founded in 1982, Data Select initially automated construction loans with the development of its Construction Loan Control System (CLCS) software. CLCS has evolved into a comprehensive, automated solution that includes both residential and commercial construction loan control as well as other aspects of commercial real estate, such as permanent loan servicing. CLCS currently services more than 51 percent of North America’s construction loan outstandings ($400 billion) and is used by 40 of the 100 largest banks in the U.S. as well as the largest banks in Puerto Rico, Spain, Canada, France, Japan and Scotland. For more information on CLCS, contact Phil Freeman (email@example.com or 805-446-2090.)