What Are the Benefits of Automated Loan Processing?

Did you know that a typical financial services employee spends 40% of their time hunting down files they need? Or that a misfiled document costs the average organization $125? The financial services industry generates millions of application forms, contracts, client correspondence, customer documentation, and other types of business content daily. As paper documents accumulate, manually maneuvering through the process becomes labor- and time-intensive. Long term, this practice is unsustainable. An automated loan processing system can lighten the load for financial services employees who also struggle with things like regulation adherence, juggling different line of business systems, and maintaining compliance.
Blog: www.knowledgelake.com/blog/au...