HOUSTON (June 1, 2010) – Shaw Systems Associates Inc., the leading provider of business solutions to the lending industry, announced that Frost Bank renewed its RETAIL, COMMERCIAL, and COLLECTIONS software maintenance agreements. The multiyear agreements continue Frost Bank’s 30-year relationship with Shaw Systems.
RETAIL, the industry’s leading consumer lending solution, supports a myriad of loan products with integrated features for automation and account management. The product services loans, line of credit, home equity, dealer/indirect, Floor Plan, commitments, securitization, and insurance.
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.
COLLECTIONS is a comprehensive, customer-centric collections and portfolio management application designed for banks, finance companies, credit unions, and other financial institutions. This full-featured product accommodates every phase of an account’s life cycle for loans, leases, line of credit, credit cards, mortgages, DDA, and other receivables.
About Frost Bank
Cullen/Frost is a San Antonio-based financial holding company with assets of $16.3 billion. The corporation provides a full range of commercial and consumer banking products, investment and brokerage services, insurance products, and investment banking services. Its subsidiary, Frost Bank, operates 112 financial centers across Texas. Founded in 1868, Frost is the largest Texas-based financial institution that operates only in Texas.