Skip to content

Challenges of Decentralized Loan Document Tracking

Question: 
What are some drawbacks to decentralized loan document tracking?
Answer: 

Allowing branches to develop and maintain their own loan document tracking processes and systems can lead to unnecessary complexity that makes exception reporting very challenging. As a result, gaining a global view of the bank's missing and expiring documents would require significant administrative effort.

______________________
Read more about document tracking strategies.

Vendor: 

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.

First published on 05/01/2022

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics