Epic River, a leading lending-as-a-service platform provider, has announced its integration with Finastra's LaserPro loan documentation system. This partnership aims to significantly streamline the loan closing process for financial institutions by automating data transfer and document generation.
Key Benefits of the Integration:
- Accelerated Loan Closing: The integration eliminates manual data entry and automates document generation, reducing the time it takes to close loans.
- Improved Accuracy: By automatically transferring borrower information from Epic River's platform to LaserPro, the risk of errors is minimized.
- Enhanced Efficiency: The integration simplifies the loan closing process, saving time and resources for both lenders and borrowers.
- Seamless E-Signature: Loan closing documents generated through LaserPro are instantly available for e-signature via the Epic River platform, further streamlining the process.
Impact on Financial Institutions:
- Increased Competitiveness: Financial institutions can offer a faster and more efficient loan closing experience, attracting and retaining customers.
- Reduced Operational Costs: By automating manual tasks, financial institutions can reduce operational costs and improve efficiency.
- Enhanced Compliance: The integration ensures accurate and compliant loan documentation, mitigating regulatory risks.
Overall, the Epic River and Finastra LaserPro integration is a significant step towards modernizing the loan closing process. By leveraging automation and digital tools, financial institutions can improve efficiency, accuracy, and customer satisfaction while reducing operational costs.
This integration is particularly beneficial for community banks and credit unions that often rely on manual processes, as it provides them with a scalable and efficient solution to compete with larger institutions.
For more information, you can visit Epic River's website or read the original press release:
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