Real Capital Selects Appian Enterprise BPM Suite to Automate Loan Origination System
Vienna, VA., November 27, 2006 – Appian, the leading provider of Business Process Management Suites (BPMS), announced today that Real Capital LLC, a rapidly growing, financial services company and affiliate company of Barclays North, Inc., has selected the award-winning Appian Enterprise BPM Suite to automate all processes within its Loan Origination System, increasing visibility into and control over the approval process. Real Capital chose Appian Enterprise to enable its migration from a paper-based to a fully automated system for processing loan requests.
Managing all processes from request to completion, Appian allows Real Capital to easily manage the loan approval process and ensure that customers are receiving the best possible service. Along with this increased efficiency, the solution allows Real Capital to track applications through the entire loan approval system, enabling personnel to determine if actions need to be taken and if the loan will be finalized by its deadline. Rather than purchase a specialized loan application tool, the company selected Appian’s leading BPM Suite for its flexibility and ability to address various company needs beyond the loan origination system.
“As Real Capital grows, we needed a solution that not only helped automate our processes, but also provided us the visibility and control to ensure that we are meeting our deadlines,” said Thomas Cummings, President of Real Capital. “We looked at a number of tools and Appian Enterprise was clearly the best choice to help us reach our goals for the Loan Origination System. Moreover, after this initial roll out, Appian will continue to generate value by providing a strong, comprehensive foundation for us to automate processes in other areas of the business.”
The Appian Enterprise BPM suite provides fully integrated process, knowledge and analytics capabilities to drive quantifiable ROI and expedite the delivery of next-generation, process-driven solutions. Appian Enterprise enables customers to automate, execute and optimize cross-functional business processes from beginning to end. This empowers business users to manage processes that interface with operational and customer-related data systems.
Appian Enterprise provides organizations with the industry’s most sophisticated platform for rapidly developing and deploying next-generation composite process applications. The latest evolution of Appian’s award-winning Business Process Management Suite (BPMS), Appian Enterprise 5, is the industry’s only enterprise-class BPM solution to combine best-of-breed process management with broad collaboration and strong analytics functionality, effectively bringing process management capabilities to a much wider audience.
“The true value of a leading BPM Suite is its ability to add structure and flexibility to critical business processes,” said Matt Calkins, CEO at Appian. “Appian Enterprise is enabling Real Capital to increase the efficiency of its loan origination system, with increased visibility and control. This is a significant benefit as Real Capital addresses a growing number of applications that need to be processed within a set period of time.”
Real Capital, LLC is a rapidly growing, financial services company based in Everett, Washington and an affiliate company of Barclays North, Inc. Real Capital offers debt and equity capital placement services to external customers and affiliated companies seeking assistance with real estate financing. The Company’s financial services also include management of private equity and private lending funds, financial investments in the field of private equity and private lending funds, financial analysis and consultation, and the purchase and sale of money contracts. The Company’s future growth will include the acquisition, ownership, management and trading of real estate investment properties.
Appian delivers an enterprise platform for digital transformation that makes it easy for organizations to move fast and revolutionize the customer experience. Powered by industry leading Business Process Management (BPM) and Case Management capabilities, Appian’s low-code approach radically accelerates the time it takes to build and deploy powerful, modern applications, on-premises or in the cloud. The world’s most innovative organizations use Appian to revolutionize their customer experiences, transform their business operations, and master global risk and compliance.