OLYMPIA, Wash., July 26, 2004 (PRIMEZONE) -- Today, Enhanced Technology Financial Services, Inc. announced the beginning of nationwide marketing of its propriety business processes and integrated systems that provide community and mid-sized banks with market-leading consumer loan origination abilities and efficient servicing infrastructure.
"After ten months of refinement, we're ready to introduce OSCAR to the banking community," said Brian Cregg, ET's Vice President-Marketing. "OSCAR, our proprietary business process outsource resource, provides leading-edge Origination, Servicing, Collection, and Reporting capabilities to banks. OSCAR enables them to compete effectively and profitably against credit unions, money center banks, manufacturers' finance subsidiaries and all the other competitors for the very valuable consumer loan business."
"OSCAR can approve a loan on the bank's terms, matching best prices and best customers in less than 10 seconds," added Darcy Huffman, VP-Client Development. "OSCAR completes the documentation in less than 3 minutes, and we do all the servicing, collections, and end-of-term work. OSCAR supports all forms of consumer loans and all bank cultures. Simply put, ET does it all."
"The biggest banks are spending billions to focus on the very profitable consumer loan segment," said R. W. Christensen, Jr., ET's CEO. "All the players in that area are reporting substantial earnings gains from their activities, everyone from the money center banks, to the auto manufacturers, to the local credit unions. Typically, the only folks not participating are the community banks; they've let their skills and technology atrophy in the area of consumer lending.
"We're here to help," he added.
ET developed OSCAR to serve banks with total assets between $300 million and $20 billion.
About Enhanced Technology Financial Services, Inc.
ET Originates, Services, Collects, and Reports on private label consumer loans for community and mid-sized banks using its proprietary system and team. By combining ET's risk-related pricing and best-in-industry servicing, ET's client banks can generate higher margins and more volume with lower risk and less volatility, simultaneously. Headquartered in Olympia, Washington, ET markets its services to banks with assets between $300 million and $20 billion.
The Enhanced Technology Financial Services logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1124