SOURCE: MoneyLine Lending Services

August 15, 2005 09:15 ET

Community Bank of Nevada Launches New, Scalable Mortgage Program by Partnering with MoneyLine Lending Services

Community Bank of Nevada Expands Its Lending Services to Meet the Needs of a Growing Customer Base

IRVINE, CA -- (MARKET WIRE) -- August 15, 2005 -- MoneyLine Lending Services, which specializes in providing financial institutions with customized, outsourced services designed to build customer relationships, is pleased to announce that Community Bank of Nevada has selected MoneyLine's private-label, outsourced mortgage services to launch its new in-house, residential mortgage lending program.

Community Bank of Nevada is rolling out a new, full-service mortgage program to meet the needs of its growing customer base which will expand with the upcoming acquisition of Bank of Commerce into Community Bank of Nevada under the holding company, Community Bancorp. After the merger, Community Bank of Nevada will be one of the largest community banks based in Las Vegas and have approximately $800 million in assets.

Prior to partnering with MoneyLine, the largely commercial community bank operated a limited in-house mortgage program, but was looking for a more cost-effective means by which to offer its customers competitive mortgage loans. By partnering with MoneyLine, Community Bank of Nevada was able to access a mortgage program that scales with loan demand.

"As we expand Community Bank of Nevada to serve more customers, expanding an important product like mortgage loans will allow us to better meet the needs of our growing customer base," said Bruce Ford, Executive Vice President, CCO, Community Bank of Nevada. "Community Bank of Nevada selected MoneyLine Lending Services to provide our mortgage services because of their strong reputation of serving community banks and their customers."

By partnering with MoneyLine, Community Bank of Nevada has rolled out a new full-service mortgage program. Customers can now submit loan applications, track the progress of their loans, access customized rate quotes, or request assistance from a loan officer either in person, at the branch, via telephone or online. In addition, customers are guaranteed a competitive mortgage product and an on-time closing.

"It is a pleasure to assist Community Bank of Nevada in meeting the mortgage needs of their diverse and growing customer base," said Evan Gentry, president and CEO of MoneyLine Lending Services. "We look forward to providing Community Bank of Nevada and its customers with exceptional service and a program that will scale to their changing needs."

About MoneyLine Lending Services

MoneyLine Lending Services (www.moneylinelending.com) specializes in providing financial institutions with customized, outsourced solutions designed to help build customer relationships. MoneyLine offers private-label mortgage origination and fulfillment services that enable financial institutions to profitably offer a competitive, full-service mortgage program without the significant infrastructure costs associated with mortgage operations. Multiple origination channels and real-time tracking tools enhance the client experience. MoneyLine also offers commercial lending services to help financial institutions retain and attract new customers by enabling them to offer permanent commercial real-estate loans, specialized loans and leases, and asset-based loans without compromising lending and asset/liability policies. For more information, visit www.moneylinelending.com or call 800-837-8570.

Contact Information

  • Contact:
    Evan Gentry
    President and CEO
    MoneyLine Lending Services
    800-837-8570
    Email Contact