HOUSTON (August 5, 2011) -Shaw Systems Associates, Inc. announced that Livingston, New Jersey-based CIT has renewed its COMMERCIAL software maintenance agreement.
COMMERCIAL supports a myriad of loan products with integrated features to automate processes and navigate the dynamic and competitive commercial lending landscape. Commercial loan products include: Corporate, Real Estate, Construction, Syndications, Participations, Letters of Credit, SBA, and Asset-Based Lending. All accrual methods are supported, and new products can be created quickly.
Founded in 1908, CIT (NYSE: CIT) is a bank holding company with more than $35 billion in financing and leasing assets. A member of the Fortune 500, it provides financing and leasing capital to its more than one million small business and middle market clients and their customers across more than 30 industries. CIT maintains leadership positions in small business and middle market lending, factoring, retail finance, aerospace, equipment and rail leasing, and global vendor finance.