EXTON,
Pa., June 13, 2023 /PRNewswire/ -- Automated
Financial Systems, Inc. (AFS®) announced the successful
implementation of AFSVision at Flagstar Bank. AFSVision was chosen
to partner with Flagstar as they continue to enhance their
commercial lending lines of business while building on their
relationship banking model that offers first-class services and
products to their customers.
AFSVision was chosen to partner with
Flagstar as they continue to enhance their commercial lending lines
of business.
"AFS is happy to welcome Flagstar as the first
AFS Level III™ customer upgrading to AFSVision. We have a
long-standing, strategic partnership with Flagstar, with AFS Level
III having served as a critical tool in their commercial lending
management," said Rick Bare, AFS CEO
and President. "AFSVision brings workflow tools and new UI to
support the exceptional, efficient service their clients know and
expect. We look forward to our continued partnership and success
with Flagstar."
AFSVision is a single loan platform for all commercial lines of
business. It easily integrates with a financial institution's
ecosystem using industry-standard APIs. Its unique suite of
digital-enabling capabilities promotes seamless, end-to-end
processing for commercial loans. AFSVision provides a globally
available, unified banking experience, empowering financial
institutions with 24/7, digital and mobile, real-time access
allowing financial institutions to better serve their customers.
AFSVision will enable Flagstar to focus on their core business
while streamlining processes, creating efficiencies, and ensuring
first-class customer experiences.
About New York Community Bancorp, Inc.
New York
Community Bancorp, Inc., (NYSE: NYCB), is the parent company
of Flagstar Bank, N.A., one of the largest regional banks in the
country. The Company is headquartered in Hicksville, New York, with regional
headquarters in Troy, Michigan. At
March 31, 2023, the Company had $123.8
billion of assets, $83.3 billion of loans, deposits of
$84.8 billion, and total
stockholders' equity of $10.8 billion.
Flagstar Bank, N.A. operates 435 branches, including strong
footholds in the Northeast and Midwest and exposure to high growth
markets in the Southeast and West Coast. Flagstar Mortgage operates
nationally through a wholesale network of approximately 3,000
third-party mortgage originators.
New York Community Bancorp, Inc. has market-leading positions in
several national businesses, including multi-family lending,
mortgage origination and servicing, and warehouse lending. The
Company is the second-largest multi-family portfolio lender in the
country and the leading multi-family portfolio lender in the
New York City market area, where
it specializes in rent-regulated, non-luxury apartment buildings.
Flagstar Mortgage is the 8th largest bank originator of residential
mortgages for the 12-months ending March 31, 2023, while we
are the industry's 6th largest sub-servicer of mortgage loans
nationwide, servicing 1.5 million accounts with
$363 billion in unpaid principal balances. Additionally, the
Company is the 2nd largest mortgage warehouse lender nationally
based on total commitments.
About AFS
AFS is the global leader in providing
real-time, end-to-end lending solutions to the world's top-tier
institutions as well as regional and de novo clients. Solely
dedicated to the financial industry with a singular focus on
commercial lending, AFS is uniquely positioned to support our
client's business and technology transformation, evidenced by our
solutions processing more than $3
trillion in small business, commercial, CRE, wealth
management, and syndicated loans daily. AFS clients have achieved
measurable results in customer expansion, revenue increases and
efficiency gains that outpace their competition. AFS is
headquartered in Exton,
Pennsylvania, with an office in Brussels, Belgium. For more information,
please visit www.afsvision.com.
Rene Baron Coady, AFS
Director of Marketing
rcoady@afsvision.com
+1 484 875 1120
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SOURCE AFS