How to cut processing for Foreclosure of Home Loans from 7 days to a mere 3
How do we help banks and financial companies with the management of loans and foreclosure?
For one client, here are the challenges we faced and the solutions we provided.
- The Challenges
- Collect loan documents
- Process documents and segregate it into legal documents, agreements, share certificates
- Store the documents securely
- Generate the IT Certificate
- Courier the documents to the customer
- The Solution
- Customers take loans from the Bank
- After internal approvals at the Bank, the files are entrusted to Writer Information for pre-disbursement
- We collect the documents, scan, digitise, and upload it to the Bank’s website using secure, dedicated connections
- We report on the files received