Financial institutions rely on core banking systems to perform a variety of transactional functions and store important account and general ledger information, including customer or member data, loan balances, payment due dates, and much more.
Duplicating a negotiated check or an official check.
Cover sheets are pieces of paper that are placed in front of one or more documents prior to scanning. Cover sheets usually contain barcoded information, which streamlines the electronic indexing of scanned-in document(s).
In general, credit documents are those documents that pertain specifically to the borrower (not the loan). Financial institutions rely on credit documents to provide information about the customer and establish the customer’s creditworthiness.
Credit exceptions occur when a bank or credit union expects to have certain credit-related documents but does not.
In banking, the term “customer financials” is commonly used to encompass a variety of documents that are utilized to determine the creditworthiness of a borrower. Banks utilize data from the customer financial statements to make prudent decisions and avoid unnecessary risk during the lending process.