The Bank of Southside Virginia partners with Efficiency Advantage
Released on = January 18, 2007, 5:18 pm
Press Release Author = Efficiency Advantage
Industry = Financial
Press Release Summary = The Bank of Southside Virginia partners with Efficiency Advantage to complete Six Sigma process improvements in their Mortgage Company.
Press Release Body = Colonial Heights, VA - January 18, 2007 - The Bank of Southside Virginia recently partnered with process improvement consulting company, Efficiency Advantage, to evaluate and streamline the mortgage loan closing process in their Mortgage Company. Efficiency Advantage facilitated the completion of a Six Sigma project with the BSV Mortgage Company's management and staff in order to improve the cycle time of their mortgage loan closing cycle. "Through a detailed review and analysis of the current mortgage loan closing process and collaboration on more efficient solutions, we were able to exceed originally stated goals for the project and allow the Mortgage Company to not only close mortgage loans in a shorter cycle time, but also increase their capacity for closing a greater number of loans with the same number of full-time employees." shared Elizabeth Howard, President and Founder of Efficiency Advantage.
This increase in capacity and shorter closing cycle time will increase customer satisfaction and provide improved revenue results that go directly to the bottom line for The Bank of Southside Virginia. Tammy Hamilton, Vice President of The Bank of Southside Virginia's Mortgage Company stated "Elizabeth is a consultant who provides sound insight on organizational issues. During her work with us she kept the customer in focus and worked to ensure that the business processes could meet both internal and external customer needs. Elizabeth brought innovative ideas and was especially effective in guiding our organization to focus on what we wanted as the end result. We could not recommend her services enough as it is truly rare that one can find professionalism and the quality of service on the level that we received from working with Efficiency Advantage."
About Efficiency Advantage Located in Chester, Virginia, Efficiency Advantage helps companies achieve efficiency excellence through process improvement. Elizabeth Howard founded Efficiency Advantage in 2005 based on a strong desire to help companies of all sizes learn to operate at peak efficiency by improving their processes and creating a culture of ongoing improvement.
They help companies to achieve efficiency excellence by: Examining the performance level of existing processes Uncovering non-value added activities and process waste Facilitating problem solving from within Designing new processes and monitoring their performance Creating a culture of constant improvement Producing tangible results
Visit their website to learn more: www.efficiencyadvantage.com
About The Bank of Southside Virginia The Bank of Southside Virginia dates its origins back to 1905. With a current asset size of just under $500 million and fifteen full-service locations, The Bank of Southside Virginia is both the largest community bank and the largest branch network in the area. The bank serves all or parts of the counties of Dinwiddie, Sussex, Surry, Prince George, Greensville, Southampton, Isle of Wight and Chesterfield; and all or parts of the cities of Petersburg, Emporia, Colonial Heights, Franklin, Smithfield and Chester.
Visit their website to learn more: www.bsvnet.com
Contacts: Elizabeth Howard President Efficiency Advantage ehoward@efficiencyadvantage.com www.efficiencyadvantage.com 804-931-8027
Tammy Hamilton Vice President BSV Mortgage Company tammy.hamilton@bsvnet.com www.bsvnet.com 804-520-0299
Web Site = http://www.efficiencyadvantage.com
Contact Details = Contacts: Elizabeth Howard President Efficiency Advantage ehoward@efficiencyadvantage.com www.efficiencyadvantage.com 804-931-8027
Tammy Hamilton Vice President BSV Mortgage Company tammy.hamilton@bsvnet.com www.bsvnet.com 804-520-0299