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Benefit of using document placeholders for commercial loan exception tracking

Question: 
Why use document placeholders for tracking commercial loan file documents?
Answer: 

Before a missing document exception can be resolved, the financial institution must first recognize that the document is actually missing. This can be challenging for financial institutions with many commercial loans and considerable tracking requirements. Systems that automatically create document placeholders can help financial institutions efficiently identify what is missing and reduce oversights.

Read about document exceptions.

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

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+1-678-966-0844

First published on 09/03/2023

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