Loan Processing

As anyone who's ever applied for a loan knows, a bank's lending department is especially prone to paperwork bloat. Between appraisal orders, credit reports, approval statements and mandatory borrower notifications, a paper loan file can be inches thick.

Laserfiche eliminates the costs associated with printing, shipping and storing paper loan documentation, while at the same time streamlining lending by increasing information accessibility, improving security and automating tasks to make staff more efficient.

The Laserfiche Advantage

• Comprehensive capture. Capture information from a wide variety of media (paper, e-forms, electronic documents, etc.) and software applications.
• Batch processing. Automatically extract data from a large number of forms, eliminating the need for manual indexing, sorting and filing.
• Foolproof security. Prevent unauthorized access to confidential information with role-based security features.
• Validation rules. Ensure compliance and consistency when collecting loan data.
• Intelligent routing and notification. Automatically send information to loan processors, alerting them to new tasks with automatic e-mails.
• Version control. Track who made changes, what those changes were, when they were made and where all versions of a document are located.
• Comprehensive audit trails. Monitor and record all of the activities that occur during the lending process using Laserfiche Audit Trail. Web-based reporting enables organizations to identify trends and isolate behavior patterns, expediting audits and improving efficiency.