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Loan Servicing and Exception Reports

Question: 
How is loan servicing involved in exception reporting?
Answer: 

At many banks, the loan servicing team is in charge of producing exception reports. This team works closely with the lending team to follow up with customers and ensure timely resolution. Once a missing document is received, the loan servicing department may be in charge of scanning and indexing it to resolve the exception.

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Continue reading about loan servicing specialists.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 04/18/2021

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