The loan application process is critical for your business. It can, however, be one of the most challenging processes for both your customer and your institution. The HP Loan Origination Accelerator uses networked HP multifunction printers and specialized software to increase flexibility and convenience in the loan origination process.
This solution automates data capture and generates bar codes to facilitate data recognition and routing. By streamlining paperwork and implementing automated systems, you can reduce costs and cycle times while improving transparency and accuracy of documentation. And customers can now submit load applications over the Web, at kiosks, at branches, and at loan production offices, making it more efficient for all parties.
How does it work?