Paperless Lending: Downside of “Divide and Conquer”

Question:

What are the downsides of a “divide and conquer” approach to backlog scanning of loan files?

Answer:

Some banks take a "divide and conquer" approach for working through paper document backlogs. The downside to this approach is that it requires branch-wide training and quality assurance standards. Instead, some banks have a dedicated team that travels from branch to branch.

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Vendor:

AccuSystems

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.