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Loan files: moving from paper to electronic

Question: 
Why might an institution decide to digitize its loan files?
Answer: 

Traditionally, loan files were maintained in paper file folders and stored in record rooms or vaults. Modern technology has made it possible to digitize much of the loan file, which can reduce risk of information loss and increase loan file accessibility for staff.

Continue reading about loan files.

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

marketing@alogent.com
+1-678-966-0844

First published on 11/17/2024

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