ACCU
HOW TO ENSURE 100% CUSTOMER SATISFACTION WITH ELECTRONIC TAX RETURN READER?
There are a lot of tasks involved with personal as well as commercial lending processes. The most daunting process that slows down the efficiency of credit unions is data entry. Many banks and financial organizations rely
on
manual
data
entry
that
is
not
just
time-
consuming but costs huge money. According to IBM, data inaccuracy or questionable data affects the U.S economy by approximately $3.1 trillion every year. To avoid such data accuracy and economical loss, it is suggested to credit analysts to use electronic tax return reader and get accurate financial statements in just a few minutes, ensuring faster loan decisions and customer satisfaction. When it comes to identifying the borrower's ability for loan repayment, it is absolutely vital that all the data entered related to tax is filled correctly into the credit analysis software. For commercial real estate loans, 3 years of tax returns are required from the owner or from the business where data can easily be inaccurate or mistyped. Choosing an electronic tax return reader
Reducing errors while underwriting is quite
is the best way to automatically import data and map
important as banks and credit unions have to
out all the data into the system that is used in detailed
develop
tax return analysis.
customers
strong
relationships
exactly
those
with who
their expect
remarkable service and digital experience. By using ETTR, users can expect great accuracy, reliability and faster service. Most often, ETTR is
compared
with
OCR
(Optical
character
recognition software) as both software allow importing data from a tax return. Lenders must
be
precise
while
associated with tax returns.
entering
data