Amegy Mortgage Company Implements Data Select’s CLCS Software Another member of Zions Bancorporation improves operations with construction lending system Business Wire 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 stronger economies.” 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 firstname.lastname@example.org 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 (email@example.com or 805-446-2090). Contact: For Data Select/CLCS Sheryl Gudelsky, 678-781-7229 or Hayley Thrift, 678-781-7228
Amegy Mortgage Company Implements Data Select’s CLCS Software
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