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Missing documents risks

Question: 
Why do missing documents create risk for a financial institution?
Answer: 

In addition to potential compliance issues, missing documents can also make it harder for a bank to initiate legal action in the event of a foreclosure. Likewise, failing to collect updated documents from commercial accounts could lead to inaccurate assumptions about portfolio health.

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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 12/11/2022

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