July 10, 2017 8:42 am

By Benjy Cook, President


American Bank Systems (ABS) has been in the loan and deposit automation business since 1987 when we released Loan Calc, our widely accepted lending documentation system for impact printers. In 1989 ABS revamped the system to utilize laser printer technology on the newly released HP Laser Jet that printed on one side of the page and only had one paper cartridge. The HP Laser Jet II was released a couple of years later, allowing documents to print on two sides and in either letter or legal size with its additional cartridge for legal size paper of letterhead stock. ABS released our deposit documentation system in 1992 corresponding with the release of Regulation DD. Although limited to Oklahoma from a marketing perspective ABS had over 100 banks utilizing Loan Calc.

In 1996 ABS partnered with GulfPak that utilized the Windows Operating System and released the first version of the system that year. GulfPak allowed ABS to market in multiple states, selling both loan and deposit documentation. ABS’s system BankManager was integrated with GulfPak to provide the first system in the country that allowed loan papers to be signed utilizing a signature pad. The loan papers were then automatically indexed within the BankManager imaging system without scanning, which greatly reduced the workflow process and improved documentation efficiencies. ABS had approximately 300 banks utilizing GulfPak by 2006 and was greatly disappointed when the GulfPak system was sold to Wolters Kluwer.

In 2011 ABS was introduced to a browser based loan system that we thought was a solution to allow us to get back into the loan and deposit documentation system business. ABS purchased a percentage of the system and we branded the system as Compliance Pro Loans and Deposits. The system was released to our customers in 2012 but had several issues that became very difficult to overcome.

In early 2016 ABS was introduced to a loan and deposit documentation system called CoPilot. The company was looking for a buyer due to a series of misfortunate events. CoPilot had a customer base of about 30 banks, all of whom gave glowing remarks regarding the system. ABS purchased the system and started the tedious process of adding its loan and deposit documentation. CoPilot is very user friendly and has many interfaces already in place. CoPilot utilizes digital authentication to capture signatures electronically which is much more secure than signature pads. ABS developed an interface with BankManager Elite and is excited about having a system that will allow us to provide clients the workflow efficiency of creating loan and deposit documents and automatically sending them into our Elite imaging system. The future is bright and ABS is ready and willing to be the loan and deposit documentation experts that you have depended on since 1987.

Contact an ABS sales representative for a demonstration of the CoPilot system today at Sales@abs.ok.com.