10-25-2016, 09:03 PM
(10-25-2016, 06:38 PM)Belsnickel Wrote: That would be interesting. I mean, my experience is not on the financial institution side of things, but I know that from application to disbursement of the loan funds, no paper is used. When records are transmitted to and from lenders it is entirely in electronic form. For instance, our Office of Financial Aid and Scholarships has virtually zero space for filing because it is all electronic and they handle the processing of the loans here. It's a very interesting thing.
To be fair, I do live in a small town and it's possible the bank president I spoke with has limited exposure.
It is a family owned bank and not corporate.
