The Hyland Integration for Encompass automates the long term archival and storage of loan origination documents to OnBase.
Loan origination systems are responsible for the collection of information required for a lending institution to determine whether to offer a mortgage loan to a prospective borrower. This includes both metadata and supporting documentation that is collected over a period of time.
Once the final determination is made on a loan, the loan is transferred from the origination system to be onboarded into the core banking system used by the lending institution. During this transfer, it is also desirable to move the supporting documentation about the mortgage loan and its borrowers from the origination system to a long term content management repository.