ImageNow reduced the time it takes to process each student loan by 50 to 60 percent and eliminated the cost and time delays associated with mailing documents. It has also improved partner relations because sending documents electronically decreases manual labor for them.
Ed McGowan
I.S. Manager
Education Services Foundation
ImageNow captures loan applications received in person or via e-mail, fax or online and sends them to the appropriate staff members for immediate processing. Incoming applications are automatically linked to your loan origination system, providing instant document access that speeds loan processing, underwriting and issuance and administration.
The flexibility of ImageNow Workflow enables you to adapt it to mirror every step of your existing review process with one major difference — no paperwork delays. In addition, reporting features give managers a comprehensive overview of loan processing metrics, enabling them to better focus resources.
Instant access to the right files at the right time allows staff working in any location to work quickly and efficiently. ImageNow Workflow facilitates faster information sharing between brokers, broker service representatives, underwriters and other personnel, enabling them to make fast, informed loan decisions.
With single-click access to loan files at any stage in the review process, you can quickly and confidently answer questions from customers and brokers. And as loans are processed faster than ever before, you'll boost customer satisfaction even more.
The longer the term of a loan, the more correspondence, loan service requests and other documents accumulate. Managing loan files electronically in ImageNow eliminates the financial and productivity costs of housing paperwork and enables your organization to efficiently manage each loan, from receipt of the application to purging the customer's file.
Unlike a paper storage system, which is virtually impossible to secure, ImageNow safeguards application files in an electronic repository that only users with valid privileges can access. Advanced document and system security measures built in to ImageNow — such as digital signatures, authentication and auditing capabilities — protect every file stored in the system.
View our interactive presentation showing ImageNow in action within loan processing.
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