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

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