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Downsides of policy tracking spreadsheets

Question: 
What are the downsides of tracking policy exceptions in a spreadsheet?
Answer: 

Although the costs to create a spreadsheet are obviously very low, there are several risks of manual tracking. Policy exception spreadsheets can be overwritten by mistake, overlooked, or accidentally deleted. Even if the spreadsheet is accurate, your loan operations team still needs to track down the loan files in question.

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Read more about policy exception tracking.

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 03/25/2018

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