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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.

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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

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