Similar to identity theft, this type of fraud happens when an unauthorized individual gain access through online banking applications, capturing the account information to create and write bad checks.
Account-centric enterprise content management solutions allow users to access account holder information based on their account numbers.
An adverse action notice is a document sent to a loan applicant stating a bank’s rationale for denying a loan. It may also contain a counteroffer, such as a lesser amount or a request for an approved co-borrower.
The term “aging exceptions” refers to a group of critical exceptions that have not been resolved within a reasonable amount of time.
Altered check fraud occurs when a fraudster changes the amounts and Payee from a stolen check.
API is short for “application programming interface.” Technology companies like Alogent rely on APIs to connect multiple software applications, thereby enabling a two-way exchange of information to support users’ needs.
Audit and exam prep is a process that financial institutions go through in order to adequately prepare for upcoming audits and exams.
An authorized signer form is a document that allows an account holder to grant a range of clearance levels to individuals to perform certain functions within a bank account.

With credit document imaging, financial institutions leverage technology to scan, save, and organize information that pertains to borrowers. Credit document imaging has become increasingly important in recent years, especially for understanding complex commercial lending relationships. Credit document imaging can also support consumer lending relationships, although usually to a lesser extent compared to commercial.

Types of Credit Documents to Image

For a consumer relationship, credit document imaging could be as simple as saving the borrower’s driver’s license, pay stub, CIP verification, and a few other documents. Commercial lending relationships, however, often involve hundreds of pages of documentation and a variety of document types. Examples include:

  • Articles of incorporation
  • Certificates of good standing
  • Risk assessment worksheets
  • OFAC documentation
  • Customer information profile (CIP) verifications
  • Borrowing resolutions
  • Form W-9 (Request for Taxpayer ID)
  • Operating agreements
  • Bylaws
  • Account receivable statements
  • Inventory statements
  • Tax returns
  • Corporate financials

Articles of incorporation and other documents may only need to be collected once, while other records must be continually updated based on the borrowed amount and relationship. For example, a common practice is to request quarterly or annual financial statements from commercial borrowers. Tax returns and insurance are usually collected annually. 

Efficient Tracking, Flexible Imaging

As a financial institution expands its commercial loan portfolio, keeping pace with its document management needs can become increasingly complicated. Tracking documents in a spreadsheet or tickler is a common practice for avoiding credit document exceptions, but manual data entry can lead to reporting errors. Offering a convenient way for borrowers to provide information is key for reducing credit exceptions. After all, not every borrower enjoys printing and mailing hard copies.

Implementing a document imaging and tracking system like AccuAccount can simplify credit document management. Prebuilt exception reports, email notices, drag and drop imaging, and flexible scanning solutions support an efficient credit imaging workflow.

Read more definitions or download a free resource from Alogent’s Innovation Hub.

Explore more resources

Related articles

Monday 28 April 2025

Unlocking the Power of Deposit Data: Boost Loyalty and Combat Check Fraud for Banks and Credit Unions

What are your account holders’ deposits telling you? For financial institutions looking to gain a competitive advantage or maintain account holders’ loyalty, tapping into this…

Read the Blog

Monday 14 April 2025

Efficiently Working through Exceptions with “Staged” Notice Letters

Minimizing exceptions is an important goal to strive for in banking. After all, exceptions indicate a variance from the norm—such as when insurance documents expire…

Read the Blog

Tuesday 8 April 2025

Innovation Behind Unify: Alogent’s Journey to Modernizing Check Payment Processing

How can you bring together the fragmented world of check payment processing to meet the fast-paced changes in technology and the rising expectations of account…

Read the Blog

Monday 31 March 2025

Enabling "Person-Centric" Experiences with AccuAccount Views

Organizing account holder information by document type or identification number is common in banking, but doing so inhibits person-centric experiences. Is there a better option?

Read the Blog

Wednesday 26 March 2025

[Playbook] Early Capture in AccuAccount

Here’s the Situation: Your financial institution wants to leverage early capture to improve efficiency and reduce commercial lending bottlenecks. For years, you’ve used AccuAccount to…

Read the Blog

Thursday 20 March 2025

Protecting Against Check Fraud During Tax Season: Essential Solutions for Financial Institutions

As consumers and businesses navigate tax season, it's important to be aware of the risks associated with mailed checks and take steps to protect sensitive…

Read the Blog

Monday 17 March 2025

Boosting Compliance and Reducing Costs: How ECM Solutions Solve Document Management Challenges for Banks and Credit Unions

Banks and credit unions rely heavily on information, but managing the growing volume of structured and unstructured data—ranging from account holder records to institutional documents—presents…

Read the Blog

Thursday 13 March 2025

Streamlining Subpoena Responses: How Banks and Credit Unions Can Overcome Data Challenges and Improve Efficiency

When a financial institution receives a subpoena for transaction records, it impacts every part of the organization, from operational efficiency to compliance risks. Understanding the…

Read the Blog