Consultant: Post Closing Needs Improvement
According to a study by PricewaterhouseCoopers, many lenders are spending too much money on post-closing processes. The accounting and consulting firm says that the refinancing boom has put an unprecedented burden on lender's post-closing departments.
Too often, process flow inefficiencies add costs to the process and stifle the gains that might be achieved through implementation of technology such as imaging, according to PwC.
Peter Pollini of PwC said that process flow problems are not always easy to isolate.
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