4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Michelle Harbinak Shapiro Michelle Shapiro has more than a 15 years of experience in the banking industry to her role as Financial Services Industry Expert at Hyland Software. Her mission is to share … Web: www.onbase.com Details Chances are, your credit union has been using document imagining for years. But has it taken the next step by using workflow? If not, here are three instances where workflow can increase the efficiency of your lending processes.1. Loan operations department and “Paid Off” reportsIf you’ve ever worked in a loan operations department, you know that Paid Off reports are a daily occurrence. Once received, the team must determine if overpayment refunds are required, or if collateral needs to be released or returned. Then they must also initiate record retention periods for the loan files.This is where the power of workflow really shines. Using a workflow to identify these triggers and then automatically pushing the related document(s) or information through a lifecycle of pre-configured work queues drastically increases the speed of the process.2. The mortgage origination processThe mortgage loan origination system (LOS) has an internal “workflow” that collects data in the application phase of the process. Ultimately, it places loan requests into a status or queue where they wait for underwriters to make their decisions. When underwriters retrieve loans from the queue, they have access to all of the information that the originators entered. In most cases, they also receive paper loan files with the supporting documents.This is where enterprise content management (ECM) and its workflow capabilities can make a huge difference. By letting the LOS do what it does best – handling data and transactional workflows – and integrating the documents and data in the ECM system to the LOS, users stay in their familiar business applications with no need to look for information elsewhere. In the end, you gain efficiencies like increased productivity. And your staff is more satisfied, since they have everything they need to complete their tasks.3. Maintaining mortgage loansThe LOS is designed to be transactional, so the images are tied to specific mortgage transactions. But that often causes the documents to be held hostage in that system. By moving the images into the ECM archive and enabling workflow, documents can be shared with other applications and, more importantly, other departments that may not have access to the LOS. In addition, the LOS does not have record retention capabilities, so when the loan is paid off there is no way to begin a retention period and delete the document image when the retention period expires.This is just the beginning in the lending arena. With workflow capabilities in ECM, lenders can use rules-based processing for reviews and approvals. Timers and notifications alert users when loans need follow-up. But these capabilities don’t end with the loan process. Workflows can be used across your entire credit union. Think about the other processing in your credit union that could benefit from workflow: Accounts payable, check card disputes, employee payroll change requests and wire transfers.In what areas do you need your work to flow more freely?
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Lauderdale Blazers Football Club pulled off a 2-1 victory over Lauderhill Juniors in the Cariibean American Soccer Association (CASA) Super League at the Broward Sports Park on Saturday.In the Masters League Lauderdale FC clobbered Rockers FC 4-1 while Chapel Trail pulled off a 1-0 win over Lion Masters.
LE MARS — Iowa Congressman Steve King says he expects to be placed back on several legislative committees in the near future.King, a Republican from Kiron, was removed from all committee assignments in January following a New York Times article where he addressed white supremacy. Speaking in Le Mars on Monday, King said he’s been talking with House leaders about restoring his status.“There is that possibility,” King says. “I’ve had some discussion with leadership as recently as just the end of last week. I expect to go back next week and pick up that discussion. I’ve let them know that I’m going to start to turn this up now. I’ve been too nice, too long.”During the Times interview, King said he didn’t understand how the phrases white supremacy, white nationalism and western civilization had developed negative connotations. King says he was misquoted. He says he deserves to have his assignments restored as there’s no precedent for how he’s being treated.“We asked the Congressional Research Services to go back through the history of the United States Congress and identify each member of Congress that had been removed from all of their committees, had served with no committees,” King says. “Since antiquity, as far back as they could go in the records, there have been four.”King is the fourth — and he says two previous representatives were convicted of serious crimes while the third is still facing trial. King points out, he’s never been charged with anything. “What have I been accused of? I’m accused of a misquote, by the way, for asking a politically incorrect, rhetorical question. That’s the level of it. This is something that cannot be allowed to stand,” King says. “If it stands, there will be speech sanctions against any member of Congress that speaks out, no matter how objectively true they are.”King says if he remains stripped of his committee assignments, then our constitutional rights will be jeopardized. “It supresses the freedom of speech, thought and expression for the entire nation,” King says. “People should think that if you can’t speak freely, neither can you even think freely because what good are those thoughts if you can’t express them and how do you measure them against someone else? Another way to put this is, you’ve gotta’ put people together, they’ve got to exchange ideas and have open conversation. Let their imaginations soar.”The 4th District Republican says he will continue to “put the heat on the leadership.”