A flood insurance provider performs a flood zone determination to ascertain if real estate is located within a floodplain.
In banking, the term “front counter” generally refers to activities performed by staff while the customer or member is present.
Front-line staff at a bank are the “face” of the organization—the employees that interact directly with a financial institution’s customers. This includes a wide variety of staff, from front-line tellers cashing a $20 check to lenders working on large commercial loans.
Government monitoring information (GMI) typically refers to the demographic information that banks in the United States are required to collect due to mortgage regulations.
In banking, the term “green bar report” is synonymous with a cold report. Financial institutions rely on printed (or electronic) green bar reports to perform a variety of operational and accounting processes, such as end-of-day balancing.
In banking, the term “hard information” typically refers to borrower and account holder information that can be easily quantified and/or shared.
When it comes to ECM software, “identity-based access” refers to controlling how information is shared based on user-level considerations and security protocols.
Image Quality Analysis (IQA) in check processing software refers to the process of assessing the clarity, accuracy, and completeness of images of checks.
Image Usability Analysis (IUA) in check processing software refers to the evaluation of digital check images to determine their suitability for processing and decision-making.
Image-enabled ATMs and ITMs allow account holders to deposit checks by scanning their images directly at the machine. These ATMs and ITMs are equipped with image-capture technology that scans the front and back of checks, converting them into digital images that are securely transmitted to the bank or credit union for processing.
Implementing an imaging system at a financial institution is a multi-faceted process that requires the right mix of time, resources, internal capabilities, and vendor guidance.
Imaging quality control is the process of verifying that documents have been digitized, stored, and organized in a way that aligns with an organization’s standards.