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NTERSOL, a digital strategy and software solutions firm that serves financial services companies, has announced two additions to its executive team: Tim Von Kaenel has been named chief strategy officer, while Christopher Cronk has been named managing director of data and analytics.
The firm also announced the launch of a suite of custom “solution accelerators,” software it says is designed to help lenders make rapid progress on their digital transformations.
The announcements follow NTERSOL completing its acquisition of CoreIP Solutions, a digital transformation strategy and solutions firm for financial services firms and fintechs. In 2021, NTERSOL more than tripled its year-over-year revenue and grew from 35 to more than 130 employees, the company said.
According to NTERSOL, as refinance volume drops to three-year lows, lenders will look to technology to help reduce costs, foster innovation, and increase efficiency. NTERSOL says its digital transformation “solution accelerator” software contains roughly 80% of a solution’s codebase, with the remainder custom-built to meet a lender’s unique needs in key areas of the lending process, including:
- Digital Self-Service: Improve borrower and employee experiences with easy auto-fill applications that integrate with lenders’ CRMs and systems of record.
- Call Center Automation: Increase conversion rates and lower cost per loan with skills-based routing purpose-built for the lending industry.
- Document Management: Centralize communications, automate time-consuming tasks, and give loan officers an at-a-glance view of loan status.
- Mortgage-Specific CRM: Empower loan officers to focus on relationship-building by providing a simplified interface that keeps relevant information at their fingertips.
NTERSOL CEO Anthony Jenkins founded the firm in 2018 to deliver enterprise-scale software solutions built by top-tier technology teams that understand the business interests of banks, lenders, and fintechs. Jenkins is a former SVP of software development at loanDepot, where he and his team spearheaded development of the firm’s Mello suite of products.
“For the last two years, the interest rate environment alone has provided many lenders with more business than they can handle,” Jenkins said. “But that’s changing in 2022, and they can no longer afford to incur excess costs stemming from manual, ineffective processes. Between adding high-caliber leaders like Tim and Chris, strengthening our team with the acquisition of CoreIP Solutions, and unveiling new solutions that work better for our customers, we’re better equipped than ever to help lenders make rapid progress on critical digital transformation efforts.”
Von Kaenel joins NTERSOL with over 25 years of management experience at start-up and Fortune 500 companies, including Cloudvirga, loanDepot, and Sagent. Cronk, formerly of Accenture, brings over 20 years of experience turning big data into actionable business insights at large companies across the communications, logistics, and software development industries, the company said.