Coventus selected and implemented an efficient automation solution to process loan documents from folders, split the loan document based on document types and upload the document to nCino system. This automation solution reduced manual activities/effort and enabled them to focus on value added activities.
Our client is a bank headquartered at Texas with over $1Billion in total assets. Operating since 2008, client provides deposits, loans, insurance, mortgage solutions, online banking, and merchant services.
Our client is listed in “2020 Best Workplaces” and their organization is certified for positive workplace culture.
Loan Administration team from the bank moves loan documents from folder to nCino system based on different document types. As a part of this manual activity, the loan documents are split into multiple files based on specific keywords and rules
| Key Information | |
|---|---|
| Industry | Banking |
| Region | USA |
| Automation Platform | RPA |
| Process Scope | Loan Document Processing |
| Applications | RPA, nCino |
| Bot Usage Frequency | Daily |
| Transaction Volume | ~ 30 Loan Records per month (It can vary month by month) |
| Productivity Hours Saved | 4-5 Hours per day |
| Engagement Model | RPA as Managed Service – Analysis, Bot Development, Bot Deployment, Support & Bot Management |
| Engagement Duration | 4 Weeks |
| Key Information | |
|---|---|
| Industry | Banking |
| Region | USA |
| Automation Platform | RPA |
| Process Scope | Loan Document Processing |
| Applications | RPA, nCino |
| Bot Usage Frequency | Daily |
| Transaction Volume | ~ 30 Loan Records per month (It can vary month by month) |
| Productivity Hours Saved | 4-5 Hours per day |
| Engagement Model | RPA as Managed Service – Analysis, Bot Development, Bot Deployment, Support & Bot Management |
| Engagement Duration | 4 Weeks |
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