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Traditional / Manual Methods of Loan Document Indexing

Question: 
What are the drawbacks of traditional loan document indexing methods?
Answer: 

Traditionally, banks relied on desktop scanners to digitize their loan documents. This approach creates a massive scanning backlog for the bank, as each document must be viewed and indexed individually. Banks that take this approach may be unable to fully realize a return on their investment in electronic document management, as documents take too much time and effort to index.

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Continue reading about document indexing.

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 11/15/2020

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