December 7, 2009 (FinancialWire) — CBC National Bank, an operating division of Coastal Banking company Inc. (OTCBB: CBCO), launched a new mortgage software platform that makes it easier for loan officers to instantaneously see, understand and manage their customers’ loans.

The software, CBConnex, features real-time loan pricing, locking and guideline matching, on-demand loan status updates, document imaging and seamless integration with credit, automated underwriting, mortgage insurance and document preparation services.

CBConnex is a security-protected system that allows loan officers to transfer loan packages into a work-ready electronic environment to reduce errors and provide quicker, more informed decision-making. For more information, please visit www.cbconnex.com.

CBC National Bank’s wholesale mortgage division, based in Atlanta, originates one-to-four family residential mortgages, both conventional and FHA, that primarily are full-documentation, conforming loans pre-sold into the secondary market. The wholesale group operates in the metro Atlanta and Charlotte markets, with plans to pursue wholesale lending in coastal markets in North Florida, Georgia and South Carolina. Starting operations in September 2007, the division reached the $1 billion milestone in loan production in June 2009.

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