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Wednesday, October 24, 2018

$650MM Fauquier Bank Generates $400k in All Digital, Self-Service Loans in One Month

The Fauquier Bank, $650 million in assets, headquartered in Warrenton, VA, reported very strong digital loan production in August, generating over $400K in new loans without loan officer involvement using RCGILTNER’s digital lending platform.   

Chip Register, Chief Administrative Officer and CIO stated,  "For the last 15 months, we've experienced steady traffic on our bank-branded sites for both consumer and small business loans and expect to exceed $3 million in this portfolio by the end of the year. These are loans we would not otherwise have gotten because it's all self-service - extremely efficient.  Customers drive the interaction, it's completely online, powered by an automated credit decision matrix set to our specifications, which delivers instant decisions and allows us to quickly fund loans for customers seeking speed and convenience - 24 hours a day!"

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