Press Releases

Peoples State Bank Selects Calyx Path as its Loan Origination Software

Contact:
Campbell Lewis Communications
Jessica Ruiz-Krout
212.995.8058
jessica@campbelllewis.com

 

LOS Gives the Bank the Ability to Go Paperless

DALLAS - April 30, 2019 - Calyx Software®, a leading provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders and brokers, announced today that Peoples State Bank, a community bank headquartered in Wausau, Wis., has selected Calyx Path® as its loan origination software (LOS).

Peoples State Bank serves north central Wisconsin from nine full-service banking locations in Marathon, Oneida and Vilas counties, as well as loan production offices in Milwaukee and Stevens Point. Founded in 1962, Peoples State Bank has total assets in excess of $900 million. It is a wholly-owned subsidiary of PSB Holdings, Inc., which trades its common stock under stock symbol PSBQ on the OTC Markets Exchange.

Peoples State Bank evaluated competitive LOSs for nearly two years before selecting and implementing Path. The community bank is now using the cloud-based software to originate fixed-rate mortgages, adjustable-rate mortgages, Wisconsin Housing and Economic Development Authority (WHEDA) loans, guaranteed rural housing loans, FHA/VA loans, construction loans and land loans. It also plans to use Path for home equity lines of credit (HELOCs).

“During the selection process, we were looking for a web-based application that we could access remotely; was seamlessly integrated with our partners; and would give us the ability to go completely digital,” said Jeffrey Saxton, Vice President of Mortgage Lending at Peoples State Bank. “Path checked all of those boxes, but what really sold us was their people. They took the time to come out to our office, get to know our bank, and help build our process. They made us feel less like a sales prospect and more like a partner.”

"Launching new technology can be challenging, especially for community banks that may not have unlimited IT resources," said Bob Dougherty, Executive Vice President of Business Development at Calyx Software. "We’re happy to provide Peoples State Bank with a dedicated account team to help ensure they are successful from development to implementation and beyond.”

About Calyx Software

Calyx Software®is an established provider of compliant mortgage software solutions used by banks, credit unions, mortgage lenders, and brokerages nationwide. The company’s easy-to-use technology, including its borrower interview platform, loan origination systems, and secure electronic signature software, is designed to streamline, integrate and optimize all phases of the loan process for customers of various sizes, workflows, channels and complexities. Combined with its extensive network of vendor partners, Calyx products deliver a true digital mortgage solution that maximizes profitability and enhances the customer experience.

For more information, call (800) 362-2599 or visit  www.calyxsoftware.com