Credit union execs: “Park a bot” on all of the document processing needed to close loans Automation for closing residential loans is defined as using the latest digital automation technology (such as robotic process automation or RPA, or artificial intelligence or AI) to speed throughput of document processing, while reducing human-induced errors and improving member …
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Most workers in the business world believe that reconciliations are a routine task that only accountants deal with as part of their jobs. However, in the credit union industry, financial and operational reconciliations are a way of life for operations staff throughout the organization. Routine reconciliation tasks are often perceived as required drudgery and the …
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Save 500 to 7,000 hours/year processing indirect loans Automation for indirect loans is defined as using modern digital technology, such as robotic process automation (RPA) and/or artificial intelligence (AI) to process inbound loan applications to a credit union from non-credit union members—typically those at a car dealership who need financing for their vehicle purchases. At …
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Credit union execs: Save 520 to 1,000+ hours per year, while freeing staffers for work they prefer Your credit union’s members have credit cards. They make payments. Those payments need to be reflected in all your systems. Sounds simple enough, right? You’re already shaking your head, aren’t you? That’s because you know that the different …
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