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Paper loan file routing challenges

Question: 
Why is paper loan file routing challenging for financial institutions?
Answer: 

Paper loan files can only be in one location at a time, which poses logistical challenges. Routing paper files between offices or branches usually involves courier costs and opens the door to information loss and file duplication.

Read about loan file routing.

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

marketing@alogent.com
+1-678-966-0844

First published on 12/22/2024

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