GRM Information Management, a leader in enterprise content management, recently implemented a new solution for Hanmi Bank automate and optimize their loan document management processes. Hanmi Bankwhich has thirty-five branches and eight loan origination offices across the country, already recognizes the efficiencies and cost savings enabled by cloud-based loan document lifecycle management software.
JERSEY CITY, NJ, April 13, 2022 /PRNewswire-PRWeb/ –GRM Information Management, a leader in enterprise content management, recently implemented a new solution for Hanmi Bank to automate and optimize their loan document management process. Hanmi Bankwhich has thirty-five branches and eight loan origination offices across the country, already recognizes the efficiencies and cost savings enabled by cloud-based loan document lifecycle management software.
“We are really happy to work with Hanmi Bank,” said Jay Crider, GRM Vice President, Sales. “This solution is well suited for an organization like Hanmi that processes a high volume of loans and is always looking for ways to improve and streamline its processes.”
Because lending departments create and process a high volume of different types of documents on a daily basis and often lack standardization in systems, file naming, archiving, and general business practices, an environment can be created in which the identification and access to documents are difficult. . As the GRM solution easily integrates with existing banking systems, it is immediately able to meet this challenge and serve as a central digital repository for all loan documents.
In addition to receiving data and documents from existing systems, the GRM solution also includes high-volume digital conversion of paper documents and a host of tools such as workflow automation and electronic signature that minimize effectively an organization’s reliance on paper. Eliminating paper from the process is one of the main advantages of the solution. And, whether digital or newly digitized, all documents can be automatically indexed and auto-classified, dramatically reducing human resource demands and the errors that result from manual processes.
With a central repository established, the use of minimized and standardized folder structures implemented, preparing for and responding to audits is greatly simplified. All necessary documents are easily identified and compiled. And once all audit requests have been prepared, auditors can gain online access to the limited set of documents for review.
“Adopting the GRM solution has enabled our loan origination and credit administration teams to meet the rigorous requirements of the document management process, as well as improve the efficiency of loan audits. This initiative is a key part of Hanmi’s digital transformation and has made the entire lending process less time-consuming and more productive,” said Navneeth Naidu, Chief Technology Officer of Hanmi Bank.
GRM Information Management is a leading provider of document storage services and information management systems. GRM’s robust, cloud-based content services platform is the centerpiece of the digital solutions GRM provides to its customers. Serving a diverse base of industries such as healthcare, government, legal, finance and human resources, GRM offers its clients services such as digital conversion, advanced data capture solutions, document management systems, workflow automation, legacy data archiving, compliance and governance, business process management capabilities and advanced analytics, plus a full suite of document storage, scanning and management of physical records.
GRM has offices in 14 major metros across the United States, including Atlanta, Austin, Baltimore, Boston, Chicago, dallas, Houston, Indianapolis, Los Angeles, Miami, New Jersey/New York, philadelphia cream, San Francisco and washington d.c. GRM also has facilities at Lima, Peru; Rio de Janeiro, Sao Paulo, Brazil; and Bogotá, Medellin and Cali, Colombia. For more information, visit GRM information management.
mike aaronGRM Information Management, 201.798.7100 x637, [email protected]
SOURCE GRM Information Management