We have a new client that was interested in LQAS imaging. They preferred not pay for two systems while waiting for their current contract to expire. We decided to offer the bank our imaging option at no charge until their contract expires in several years.
This gives the bank a chance to run parallel systems and gradually step off. They can also see if our system is faster, easier to operate and is more integrated into a banking environment.
LQAS imaging is beyond a simple file cabinet. Credit and Collateral documents are sorted under each respective customer and loan. The entire system is checklist driven to enforce common naming of all documents. Document indexing is automatic as documents are tracked. Connection to paperless loan origination systems is supported and regulators have instant remote access to their loan and customer samples.
Our imaging system is the fastest system we have seen. A nationwide client reports image retrieval in one second or less to any location. Paging through documents are as fast as pressing the next key.
Our imaging system is logical. The most recent document in each area is retrieved as a default. You can also go back to previous versions of any document with a click.
Since we made the offer to one bank. We will offer the same deal to any bank that wants to participate. The bank must be on LQAS since the images integrate with the other areas of our system. You can refer to the other articles we have published to see what we can do for your bank.
If you are having any difficulties with your imaging system or vendor it is free to reach out to us to see if we can help.