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Filing tasks and paper loan files

Question: 
What types of filing tasks are involved with a paper-based approach to loan file management?
Answer: 

Financial institutions that rely on a paper-based approach to loan file management may spend considerable time performing administrative tasks, such as: creating new loan files, placing tabs in loan files, placing documents into the correct tabs, and returning loan files to their proper location in filing cabinets.

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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.
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First published on 06/09/2024

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