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RPA Use Problems In Commercial Loan Operations

RPA Use Problems In Commercial Loan Operations

Whenever pops into their heads digitization and automation in economic solutions, powerful areas such as for example re payments and electronic wallets (think Venmo, Apple Pay) one thinks of.

Commercial financing, having said that, is a document- and business that is process-intensive origination groups choosing the deal, underwriting groups crunching the figures, credit groups opining on possibility of standard, appropriate groups producing loan papers and, finally, operations groups undertaking the month-to-month servicing regarding the loans for a time period of anywhere from 1 to seven (or maybe more) years.