Loan documents checked against the credit approval (rate, payment, dates, collateral) before they go to the lender
Provable in pilot (Community Bank of Mississippi program in progress)
- Stage
- Back office
- Moves
- chase and verify
- Customers
- Community Bank of Mississippi
Controls enforced
- Field-by-field match against the approval
- mismatches routed to a processor
Evidence produced
- Validation result and exception record
Claims
Community Bank of Mississippi is working with Callvu on a bank-wide program, projected to reach about 58 processes, across loan operations, credit administration, treasury and payments, deposit operations, IT and information security, and HR.