Amegy Mortgage Company Implements Data Select’s CLCS Software
Another member of Zions Bancorporation improves operations with construction
WESTLAKE VILLAGE, Calif. -- June 11, 2013
Data Select, the global provider of the CLCS software for commercial real
estate banking, construction loan control and permanent loan servicing, now
provides its technology to Houston-based Amegy Mortgage Company, a member of
Zions Bancorporation since 2005.
CLCS services Amegy Mortgage’s construction loan portfolio, including one-time
close construction and lot loans, to eliminate manual processes and greatly
reduce risk associated with these loans. Six Zions Bancorporation member
institutions already standardize their construction & commercial real estate
lending administration using CLCS, including Amegy Bank of Texas, Zions First
National Bank, California Bank & Trust, National Bank of Arizona, Nevada State
Bank and Vectra Bank. The software enforces compliant practices, enabling the
bank to continually meet new and/or changing regulatory requirements.
“For many years CLCS has been a vital component to Zions Bancorporation’s
construction lending operations,” said Denver Green, vice president of
commercial and construction loan systems for Zions Bancorporation, a $55.5
billion holding company. “We are pleased to add another member institution to
the system. The efficiency gains afforded by CLCS will ensure Amegy Mortgage
can optimize its commercial and construction lending processes and deliver the
best possible customer service.”
Amegy Mortgage Company originates and services single family residential and
construction loans as well as commercial and multifamily real estate loans.
Established in 1972, the company currently has a servicing portfolio of more
than $1.65 billion.
“Amegy Mortgage Company is one of the nation’s financial institutions leading
the housing market’s positive momentum and turnaround,” said Phil Freeman,
founder and CEO of Data Select. “Data Select is committed to helping banks
across the U.S. apply the right technology to advance their residential,
commercial and construction lending, translating to improved business and
CLCS helps banks handle up to three times the number of loans at any given
time, significantly increasing their revenue opportunities. The software’s
robust foundation is fail-safe and continuously updated to help users achieve
their business objectives and maintain regulatory compliance.
About Amegy Mortgage and Amegy Bank
Amegy Mortgage Company is a subsidiary of Amegy Bank, a leading Texas bank
with $13 billion in assets. Founded in 1990, Amegy has a strong tradition of
relationship banking, local decision making and financial expertise. Amegy
specializes in banking businesses of all sizes, and has the resources to
provide financing, investment management, treasury management solutions,
international banking, as well as other specialized services. Equally
important, the Bank offers individuals and families a wide range of
depository, lending, mortgage, wealth management, trust and brokerage
services. With more than 80 locations across Houston, Dallas and San Antonio,
Amegy is dedicated to serving Texas communities, families and businesses.
Amegy is a part of the Zions Bancorporation (NASDAQ: ZION) collection of great
banks. To learn more about Amegy, visit www.amegybank.com or call 800-287-0301
for more information. For media inquiries, contact Jamie Moullé at
email@example.com or 713.232.2397.
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
(firstname.lastname@example.org or 805-446-2090).
For Data Select/CLCS
Sheryl Gudelsky, 678-781-7229
Hayley Thrift, 678-781-7228
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