Increased competition, escalating costs, changing government regulations and simmering customer dissatisfaction provide ample reason for banks to improve the speed, efficiency, security and simplicity of their loan origination processes. The delays, errors and expenses of paper, in particular, need to be replaced with the speed, accuracy and economy of automated workflows.
Loan origination remain important contributors to banks’ revenue. But today’s predominantly paper-based loan origination process is plagued by costly delays and inefficiencies. Banks need to automate their costly, inefficient and error-prone paper-based loan origination processes for delivering better service that builds stronger customer relationships. To become more competitive, compliant and efficient in their loan processing, banks need to capture documents and information electronically as a way to eliminate as much paper as possible, automate manual steps and workflows, add security and control wherever paper is required or information is transmitted, simplify the sharing of information between business units, and save time and money.
By improving business processes Banking and Financial Institutions can automatically capture, classify, extract and validate information and then insert the right information into business processes, applications, and content repositories. Utilizing an advanced Intelligent Document Capture, Workflow and Document Management from Connectis Group, you can fully automate your loan boarding process and save hours of manual processing, re-keying and post-boarding maintenance.