Nanonets

MARCH 27, 2023

Mortgage automation is revolutionizing the way lenders process loans, with advanced technology solutions helping to streamline and speed up the process. In this blog post, we'll explore the benefits of mortgage automation, the role of OCR technology in the process, and how Nanonets can help streamline the workflow.

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Automation Regulatory Compliance Underwriting Origination 52

Nanonets

APRIL 11, 2023

But in recent years, advancements in technology have paved the way for digitizing this process, which has revolutionized the lending industry by streamlining processes and improving operational efficiency. Manual compliance processes increase the risk of non-compliance and may result in costly fines or penalties.

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Origination Automation Risk Assessment Underwriting 52

The Finance Weekly

NOVEMBER 3, 2021

Data sources used to reconcile and compensate account balances include sub-ledgers for HR and fixed assets, bank statements and schedules of payable and receivable accounts. Inter-company transactions, currency exchange rates and various non-cash activities only complicate things in an already complex, time-consuming process.

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Nanonets

MARCH 26, 2023

Mortgage processing automation helps companies reduce the manual workload involved in mortgage origination and processing, in order to improve accuracy and efficiency. In this post, we will explore how mortgage processing automation using Nanonets and OCR technology can improve your business. What is mortgage processing?

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Automation Process Underwriting Fraud Detection 52

Nanonets

FEBRUARY 14, 2024

The result is a faster, more efficient close process that also saves up your time which can be better spent elsewhere. Review Source Documents: For every transaction, review the source document (invoices, receipts, bank statements, etc.) How to Assign GL Codes? This might involve training sessions or creating a reference guide.

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Transactions Audit Accounts Automation 52

Nanonets

FEBRUARY 28, 2024

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. 02/04/24 Bank Loan - ABC Bank, Loan #987654 104 5000.00 Bank Reconciliation : Tools to match bank transactions with GL entries.

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Automation Payment APIs and Integration Accounts Transactions 52

FloQast

DECEMBER 13, 2023

Combined with other issues, including panic selling, bank failures, excessive risk-taking, and economic imbalances, it created the perfect storm that led to Black Tuesday. However, the Senate Committee on Banking, Housing, and Urban Affairs was also drafting its own bill and needed help. 3763) April 24, 2002 The House passes Rep.

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Compliance Audit White Collar Crime Risk Assessment 52