Document Imaging Helps Loan Offices Cut Costs

Back in the heady days of perpetually skyrocketing home prices and ridiculously loose credit, loan brokers were those guys driving around in the fancy cars, wearing the fancy sunglasses, going to the fancy restaurants, and buying the fancy home.

Now, loan brokers are those guys who can't get unemployment checks because they were considered self-employed, but nonetheless haven't worked in more than a year. Many such individuals have seen their own homes, as well as their cars, repossessed.

Some loan brokers, though, are still in business--and looking to keep costs low.

Document imaging technology can help loan offices, and loan officers, do exactly that. By reducing the amount of paperwork flowing through printers and copiers, and making it less costly to store records, document imaging helps loan brokers who are in business stay in business.

Consistent and effective use of document imaging technology can save a real estate office a couple thousand dollars per year. Maybe that didn't mean much in 2003, but it means a lot now.