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Reasons for loan policy exceptions

Question: 
Why do loan policy exceptions sometimes occur?
Answer: 

Most loans should fall within a financial institution’s loan policy; however, it is practically impossible to write a loan policy that perfectly aligns with the diverse lending needs of an entire community. Making occasional, carefully considered exceptions provides financial institutions with added flexibility to meet the changing needs of its members or customers.

Continue reading about loan policy exceptions.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

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+1-678-966-0844

First published on 10/29/2023

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