NXTSoft Launches CARES Connector to Automate the Processing of SBA Economic Injury Disaster Loans for Financial Institutions

Category: Press Release , Data Connectivity , Featured
Author: NXTsoft
NXTsoft announces the launch of its CARES Connector solution that will allow financial institutions to automate the processing of SBA Economic Injury Disaster Loans into their core and other critical servicing channels.
The CARES Connector takes away the need for the back office to manually board and fund the loan. This enables institutions to quickly and efficiently fund these critical loans to their small business customers. The CARES Connector is specifically designed to board these loans expediently during a time when many institutions are working with reduced staff but are faced with a massive influx of SBA CARES loan applications. NXTsoft can have your institution set up and processing these small business administration loans within 3 to 4 days.
NXTsoft’s OmniConnect secure API technology, has been trusted by more than 950 financial institutions nationwide to automate the loan boarding process and expedite the funding process, providing a seamless integration between loan origination systems and core systems.
"NXTsoft was able to quickly get to market a connector solution that will help financial institutions board the SBA Economic Injury Disaster Loans in an expedient manner so that small businesses can have access to the funds they so desperately need in these unprecedented economic conditions." said David Brasfield, CEO of NXTsoft.
Email sbainfo@nxtsoft.com for more information on the NXTsoft CARES Connector.
April 3, 2020
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