Examiners and auditors experience many positive ramifications of a digitally managed document system: consistency in loan file tab layout; less travel and out-of-office hours when requested loans are presented on a CD or DVD; less time reviewing paper files with missing or misfiled documents. The institution obviously experiences benefits as well, including less time preparing and more accurate information.
How Does an Electronic Loan Management system Enhance the Audit and Examination Process?
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 12/02/2013