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Traditional / Manual Methods of Loan Document Indexing

What are the drawbacks of traditional loan document indexing methods?

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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First published on 11/15/2020

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