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Are We Wasting Time Manually Scanning in Every Loan Document?

Question: 
Should we move to a more automated scanning and indexing system?
Answer: 

The average bank that is using an electronic imaging can scan and index approximately 7 pages per minute. Manually scanning and indexing each page individually (instead of batch scanning) can cause delays in the process. Barcode scanning and OCR systems can help streamline the process.

First published on 09/29/2014

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