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Loan Policy Exception Tracking Best Practices

Question: 
Are there best practices for tracking loan policy exceptions?
Answer: 

Part 365-Real Estate Lending Standards from the FDIC states, "Each institution should monitor compliance with its real estate lending policy and individually report exception loans of a significant size to its board of directors." According to our research, more than half of community banks still use spreadsheets and other manual tracking systems, which are subject to oversights and errors. A better approach leverages imaging-integrated exception tracking and reporting technology with built-in policy tracking capabilities.

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Read our article, "4 Failures to Avoid with Bank Risk Management Software" for more details.

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 02/16/2020

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