Teslar Software
Teslar Software, founded in 2008 and headquartered in Springdale, Arkansas, provides automation solutions for financial institutions, enhancing loan processing, transparency, accuracy, and compliance.
Company History
Teslar Software, originally founded as 3E Software in 2008, is based in Springdale, Arkansas. The company focuses on automating labor-intensive tasks and creating efficient workflows for financial institutions. Over time, Teslar Software has evolved to offer comprehensive solutions tailored to the unique needs of its clients.
Loan Origination Solutions
Teslar Software's loan origination solutions are designed to streamline the lending process. Key features include a customer portal, a basic pipeline, a loan origination system, and exceptions/tickler tracking. These tools enhance the speed and accuracy of loan processing, ensuring transparency and compliance throughout the process.
Deposit Operations Solutions
For deposit operations, Teslar Software offers a suite of tools including a customer portal, workflow & forms automation, exceptions/tickler tracking, and BI & analytics. These solutions aim to enhance operational efficiency, improve customer experience, and provide data-driven insights for better decision-making.
Credit Risk Management Solutions
Teslar Software's credit risk management solutions include a special asset system, annual loan review, internal loan review, exceptions/tickler tracking, and a construction inspection/draw system. These features help financial institutions manage and mitigate credit risks, ensuring compliance and regulatory adherence.
Platform Features and Security
Teslar Software's platform offers a range of features including user dashboards, portfolio management, real-time communication tools, comprehensive reporting, relationship aggregation, scanning, eSign capabilities, and a historical data warehouse. The platform uses end-to-end encryption and meets all Tier 4 requirements. It also integrates with core systems, imaging, email, Microsoft Teams, credit bureaus, pricing, and doc prep systems, and is SSAE18 SOC 2 Type II certified.
Partnerships and Industry Impact
Teslar Software partners with entrepreneur Mark Cuban and banking industry innovator Jill Castilla. The company played a significant role during the 2020 CARES Act by processing more than 20% of all PPP loans in the U.S., demonstrating its capacity to handle large-scale financial operations effectively.