No, that isn’t a joke. That is an honest to goodness quote from a commercial lender, who was being courted by another bank. This commercial lender (we’ll call him Ed so I can stop typing commercial lender) was working at a bank that happened to be a MyLoans customer when another, much larger bank offered him a promotion. Ed responded with, “I’ll take the job, but only if you buy MyLoans.” Ed was so serious that he made his new employer put it in his offer letter. So the offer letter Ed signed says that, as a condition of his employment, the bank will purchase MyLoans within 12 months of his start date.
I’ve been in and around banking software for almost 20 years. This is a first. Not only is this a first for me, but I’ve never even heard of anything like this. Well, Ed took the job, and the MyLoans sales team is eagerly working to help Ed’s employer live up to their end of the bargain.
Thank you, “Ed.” You will forever be part of MyLoans lore.
By providing patients with fast access to medical loans at a fair and unchanging interest rate, the MyLoans™ software by Epic River enables financial institutions to ease the financial stress of health care through collaboration with medical providers. Not only can medical providers offer a federally insured and fully regulated patient financing between banks and patients for medical care needs, but doctors and hospitals alike can finally get immediate funding of their patient’s outstanding balances. Additionally, financial institutions gain new customers and interest income with little administrative overhead in exchange for servicing the loan. For more information, visit www.myloans.co.
About Epic River, LLC
Since its inception in 2005, Epic River has been providing high quality software services aimed at solving process-intensive problems. With a focus on high quality and rapid delivery, Epic River’s methodology accelerates the process of innovation while keeping a firm grasp on the business case behind the application, enabling our partners to grow their market leadership. The company’s unique approach to the agile methodology and user experience ensures both parties work closely together every step of the way. Whether you’re looking to expand into new technologies or markets, need a custom internal tool, assistance with architecture, or simply need someone you can trust to make technology decisions, Epic River is at your service. For more information, visit www.epicriver.com.