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U.S. Bank Selects Custom Credit Systems for Construction Budget Monitoring

Posted on: Tuesday, 5 May 2009, 07:00 CDT

Leading commercial bank manages commercial real estate lending portfolio accurately, efficiently with CCS

RICHARDSON, Texas, May 5 /PRNewswire/ -- Custom Credit Systems (CCS), a provider of integrated, end-to-end, credit processing and maintenance systems for small business and commercial loan processing, announced today that U.S. Bank selected its construction budget monitoring module to support its commercial real estate lending. U.S. Bank, a subsidiary of $264 billion U.S. Bancorp (NYSE: USB), is the sixth largest commercial bank in the United States.

CCS' construction budgeting software is designed to manage the lifecycle of construction lending projects as part of the company's straight through processing strategy. It tracks the budget line items, draws/disbursements, available funds per budget line item, collateral lot tracking and release, payments received, inspections tracking, host system integration and reports. The software is another way that CCS provides the consistency that financial institutions need in their systems to effectively and actively manage their portfolios.

U.S. Bancorp operates 2,847 banking offices and 5,183 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the Web at usbank.com.

About Custom Credit Systems

Custom Credit Systems is a premier provider of integrated, end-to-end, straight through credit processing and credit maintenance systems, via its CustomLender(R) product suite and other specialty modules. Custom Credit Systems has supported the unique needs of the leading financial institutions in the United States for over 19 years. Several top ten financial institutions in the United States use Custom Credit Systems products to streamline their operations, provide better customer service and enhance their return to shareholders. The company is also a leading innovator of technology to support the complex processing needs of the financial services industry.

For more information visit the company's Web site at www.customcreditsystems.com.

SOURCE Custom Credit Systems

Source: PR Newswire

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