• AFS is 50
    • Celebrating 50 Years
  • COVID-19 Info
    • AFS System Readiness
    • COVID-19 Update Webinars
    • Insights from AFS Business Intelligence
    • LIBOR Transition
  • Solutions
    • AFSVision
    • Commercial Lending
    • Commercial Real Estate
    • Small Business
    • Capital Markets
    • Client Success Stories
    • LIBOR to SOFR
    • Tools for Transformation
    • Value in Transformation
    • Delivery Options
    • Security
  • Business Intelligence
    • Pricing Services
    • Portfolio Analytics
    • Common Borrower Analysis
    • Risk Analysis Service
  • News & Events
    • Blog
    • AFS Global Insights
    • Articles
    • Events
    • Press Releases
    • Regulatory Updates
    • Videos
    • Webinars
    • Webinar Archives
  • Careers
    • Career Opportunities
    • Life at AFS
    • Benefits
  • About AFS
    • Discover the Advantage of AFS
    • What Makes Us Different
    • Our Clients
    • Our Culture
    • Our People
    • Our Community
    • Alliances
  • Contact Us
    • Communications Preferences
    • Directions
  • Global
  • Sign In
In order to provide complete functionality, this web site needs your explicit consent to store browser cookies. If you don't allow cookies, you may not be able to use certain features of the web site including but not limited to: log in, buy products, see personalized content, switch between site cultures. It is recommended that you allow all cookies.
News & Events / Press Releases

Press Releases

Automated Financial Systems, Inc. Announces Record Volume

Release date: 10/14/2014

AFS announced that AFSCommerce®—our secure private cloud-based offering for loan processing—volumes reached a record level of $200 billion in September 2014.

Automated Financial Systems, Inc. (AFS), is pleased to announce that AFSCommerce®—our secure private cloud-based offering for loan processing—volumes reached a record level of $200 billion in September 2014, according to John H. Shain, President of AFS. This compares to $127 billion and $167 billion processed at year-end 2012 and 2013 respectively. AFS also hit a record number of loans originated through our Straight-Through Process (STP) with two million loans originated through our software.

The advantage of AFSCommerce® for customers is the easy and quick adoption of a variable priced transaction model. Not only do banks get the ability to pick and choose market and product offerings, they also get access to the full scope of the AFS leading credit information-based solutions. We complement the technology with the same experienced professional staff that supports the majority of the largest banks in the country. 

Current product deliveries support a full range of lending, including syndicated lending, commercial, commercial real estate, agricultural lending, and other specialized lending targeted at corporate, commercial, small business, retail, and wealth management markets. “In addition to current and ongoing product delivery capabilities, AFSCommerce® also provides customers the ability to comply with the new data capture and CCAR report requirements of  the Federal Reserve designated as CCAR participants: SIFI, CCAR, DFAST, and FBO banks”, according to Shain.  

Started in 2000, AFSCommerce®—the AFS secure private cloud offering—was developed as an alternative delivery channel to the traditional software license model. Over the past few years, the flexibility of the private cloud offering  has been adopted by a wide range of participants, including specialty lending, new market, and new product offerings, as well as full commercial loan processing for global banks, money center banks, large regional banks, specialty lenders, and commercially-focused community banks.

About Automated Financial Systems, Inc.
Automated Financial Systems, Inc. (AFS) is the global leader in providing commercial lending solutions to top-tier financial institutions with more than $2.2 trillion in commercial, commercial real estate and consumer loans being processed on our solutions for banks that include two-thirds of the top 25 U.S. banks and bank holding companies. AFS works with the world’s financial institutions to build lending processes based on a straight-through model and on-demand technology and services. In doing so, AFS partners with client banks to understand their strategic goals and works proactively to achieve their business and technology objectives. AFS is headquartered in Exton, Pennsylvania, a suburb of Philadelphia; its European subsidiary, Automated Financial Systems GmbH, is based in Vienna, Austria. For further information, visit www.afsvision.com.


For more information contact:
Rene Baron Coady, AFS
Director of Marketing
rcoady@afsvision.com
+1 (484).875.1120 

  • Blog
    • Keep the SOFR Momentum Going!
    • Lending in the Time of COVID-19
    • Let’s Talk About SOFR
    • Stay on Track for LIBOR Transition
    • Success in Transformation
    • 4 Key Elements for Commercial Lending Transformation
    • 5 Reasons to Transform Your Commercial Lending Business
    • Getting Real about Real-Time in Commercial Lending
  • AFS Global Insights
  • Articles
  • Events
  • Press Releases
  • Regulatory Updates
  • Videos
  • Webinars
  • Webinar Archives

We have Solutions for your Challenges

Request a Demo Contact Us

Solutions

  • Overview
  • AFSVision
  • Commercial Lending
  • Small Business
  • Commercial Real Estate
  • Capital Markets
  • Client Success Stories
  • Business Intelligence
  • News & Events
  • Careers 
  • About AFS
  • My AFS

Contact

  • US: +1 610 524 9300
  • EU: +1 484 875 1250
  • replyto@afsvision.com

Updates

You'll get useful industry information, AFS Industry events, AFS company and product information and much more.

Join

2020 Automated Financial Systems, Inc. All Rights Reserved.

AFS and all AFS product trademarks are registered trademarks of Automated Financial Systems, Inc.

  • Privacy Policy
  • Legal Notice
  • AFS is 50
    • Celebrating 50 Years
  • COVID-19 Info
    • AFS System Readiness
    • COVID-19 Update Webinars
    • Insights from AFS Business Intelligence
    • LIBOR Transition
  • Solutions
    • AFSVision
      • What’s New with AFSVision?
        • AFSVision Feature Custom Fields Registration
        • Commitment Hierarchy Registration
      • What's Important to You
      • Origination
      • Workflow
      • Accounting
      • Servicing
      • Exceptions
      • Reporting
      • Implementation
    • Commercial Lending
    • Commercial Real Estate
    • Small Business
    • Capital Markets
    • Client Success Stories
    • LIBOR to SOFR
    • Tools for Transformation
    • Value in Transformation
    • Delivery Options
      • Getting Started
      • Continuing Service
    • Security
      • Certified Secure
  • Business Intelligence
    • Pricing Services
    • Portfolio Analytics
    • Common Borrower Analysis
    • Risk Analysis Service
  • News & Events
    • Blog
      • Keep the SOFR Momentum Going!
      • Lending in the Time of COVID-19
      • Let’s Talk About SOFR
      • Stay on Track for LIBOR Transition
      • Success in Transformation
      • 4 Key Elements for Commercial Lending Transformation
      • 5 Reasons to Transform Your Commercial Lending Business
      • Getting Real about Real-Time in Commercial Lending
    • AFS Global Insights
    • Articles
    • Events
    • Press Releases
    • Regulatory Updates
    • Videos
    • Webinars
    • Webinar Archives
  • Careers
    • Career Opportunities
    • Life at AFS
    • Benefits
  • About AFS
    • Discover the Advantage of AFS
    • What Makes Us Different
    • Our Clients
    • Our Culture
    • Our People
    • Our Community
    • Alliances
      • IBM
  • Contact Us
    • Communications Preferences
    • Directions
  • Global
  • Sign In