AMCORE Bank Chooses OASIS Bidding System for Managing Commercial Real Estate Valuations

Lansdale, Pennsylvania – AMCORE BANK, N.A. announces its complete implementation of the OASIS web-based system for streamlining its commercial real estate valuation process. The OASIS enterprise platform, developed and hosted by OASIS Software, provides secure Internet access for bank personnel and contracted vendors such as appraisers involved in the commercial property loan approval process.

Using OASIS, the bank's internal personnel publish bid requests, review the vendor bids, and engage the vendor while tracking every step of the engagement and review process via their Web browsers. OASIS also acts as a repository for appraisals, environmental reports and other documents created or reviewed in the process.

“Managing the due diligence element of the loan origination process can be expensive, time consuming, and ultimately very inefficient for lenders,” said Matt McHale, Vice President of OASIS. “Collateral valuation is typically the lengthiest part of that process and streamlining it can result in over 25% improvement in overall effectiveness.”

With OASIS, all information is tracked in a centralized database which provides specialized information to each type of user. Outside vendors are able to view their own bid requests and awards, but all bank-private information is secured from vendors.

“We are pleased to have the OASIS system available within AMCORE Bank. We have been able to provide faster service to our Commercial Relationship Managers,” said Phil Floor, Vice President and Commercial Appraisal Manager at AMCORE Bank. “This Web-based solution also has eliminated LAN-storage issues and enabled faster transmission of reports and feedback between appraisers, Commercial Relationship Managers and the review group.”

In addition to appraisals, AMCORE Bank also uses the OASIS system to order and manage residential evaluations. With OASIS, multiple services can be grouped and tracked as part of the same project (service request).

Based in Rockford, Illinois, as of September 30, 2007, AMCORE Bank has assets of $5.3 billion and 78 locations in Illinois and Wisconsin. The company's Web site is www.amcore.com.

OASIS is the lender division of Global DMS, LLC that provides innovative commercial and residential real estate valuation software solutions that meet the needs of the lending community. Global DMS, LLC is a privately held corporation headquartered in Lansdale, PA. The company's Web site is www.oasissolutionsllc.com.