Archive Systems | Cenlar Snapshot

"With Archive Systems’ help, we have a loan boarding process that has opened new business opportunities for Cenlar FSB much faster than we could have on our own. Not only did we achieve our company goal of deploying a Web-enabled workflow and imaging tool that integrated with our clients and provides for improved quality control, it also provides us the additional advantage of disaster recovery, GLB compliance, and increased productivity."

Senior Vice President & COO, Cenlar FSB

Challenges

Solution

Benefits

	Arduous tasks related to receiving, logging, filing and transfer-filing within Cenlar's servicing systems were paper intensive and drained corporate resources.
	Wanted to provide increased accessibility to critical documentation required during the loan servicing process.
	Required a technology solution that would maintain Graham-Leach-Bliley compliancy and increase business opportunity.

	Selected ASPEN 360™ for Web-based image hosting, and production document scanning.
	Replaced manual system of hard copy filing and a multi-step receiving method for New Loan Servicing with a single step process.
	Access to critical loan servicing documentation is available immediately, at the desktop, without the need to install, manage and maintain any software.

	Decreased the amount of time spent reviewing each loan – resulting in an increase in the overall volume of loans reviewed.
	Cenlar can provide their customers with high quality loan servicing products without the headaches associated with a manual, paper-based system.
	Increased security and disaster recovery to satisfy current government regulations.