Law Enforcement Jobs – Cop Tells All To Get You Started

Are you an honest person. Ask yourself honestly right now, because once you begin the interview process for most law enforcement jobs, they will drill deep to find that out for themselves. Even if you have never been convicted of a crime other than a minor ticket, the polygraph test that most agencies employ is designed purely to weed out candidates that are dishonest.

Are you dedicated? To be in a law enforcement job you have to be dedicated to serving the public trust. It doesn’t matter if you are a highly trained SWAT operative whose job it is to crash through windows and take out the bad guy, or the patrol officer working the beat and helping those in need. Your primary function is to serve the public trust.

Physical agility is tested for in most law enforcement jobs. Are you prepared to chase down a bad guy, even in the snow and rain? Do you have the burning desire and self motivation to eat and train properly – always ready for the fight? Yesterday’s donut reputation has very little to do with today’s police officer. In fact, you can look at an agency like the Ohio State Patrol and find that they have annual physical fitness testing requirements that if you don’t pass will result in your termination! This isn’t a job for the weak bodied any longer.

These are the questions you must ask yourself, and if you think that you still have it takes – scratch that – if you KNOW that you have what it takes, the last real step is to find out what it is that you need to do.

99% of the law enforcement jobs out there will not allow you to just walk in and apply. No no no, you need to understand the process. If you don’t understand how law enforcement hiring works, nothing else really matters.

Do you owe it to yourself to get started today?

Why is a Law Enforcement Degree Becoming More and More Popular?

Are you interested to work as a detective, a police officer, or as a secret service agent perhaps? All of these careers have one thing in common. They are all not just fascinating but these are the careers that are related to law enforcement as well. As the technology advances and the world become even more complicated, individuals who are highly trained in enforcing the law are needed all over the world.

You can complete a bachelor’s degree and put your education into practice immediately after graduating to any of the available law enforcement jobs. But there are also those who pursue a higher degree as well particularly in criminal justice. They push their masters and even their doctorate degree because they have wider opportunities and have more chances of advancing to a wide array of choices at the same time. Of course there is no need to mention that the higher your degree the bigger will be your salary as well.

A degree in law enforcement would allow you to work on different fields since it requires various skills too. Aside from the careers mentioned above, you can also become part of the judicial and the court system too. And if you can, you can land a job in rehabilitation centers and even by appointed to take control of the prisoners in your local state.

Of course, not all law enforcement jobs are in the field. There are some who stays inside the offices and does business finances, accounting, and even programming too. You also don’t have to be physically and mentally fit to do your job efficiently. It would also help if you know how to speak other languages fluently as well. Remember that not every criminal speaks English very well so you have to create a way on how they would comprehend you and the system in United States.

Law Enforcement Physical Fitness Test – Workout Routine To Pass The Test

Whether you want to be a federal police officer or a local policemen the fitness standards are relatively similar. Some maybe a tad bit harder than the other, but they all are similar in terms of how your strength and conditioning will be evaluated. The best thing to do if you’ve dreamed of getting into law enforcement is to start training for the physical fitness test as soon as you can. The truth is many recruits lose out on a great career in law enforcement simply because they can’t pass the physical fitness test.

Although there are differences in terms of jurisdictions and responsibilities in the law enforcement community, the fitness test is one commonality that all of us share. It doesn’t matter if you work for a federal agency (FBI, DEA, ATF, Secret Service, Border Patrol) or a local agency (state police, deputy sheriff, city cop) you are still required to pass the physical fitness test.

Here’s just one workout routine that will help you get into shape fast!

First thing first, before you start any law enforcement workout program, make sure that it is designed to improve both your strength and cardio. Why do I say that? Because I’ve seen recruits make the mistake of training like a bodybuilder or even worst some train like a marathon runner. Both of which are dead wrong.

Here’s what you need to do:

One of the most effective workout routine to do is one that incorporates both resistance training and cardiovascular improvement. If you do one without the other, you will get gassed during the test. There are several ways you can actually build your strength and cardio at the same time, but the one that I recommend is interval training.

How to Start a Blog and Make Money: For Beginners Only!

There’s so much technical data out on the net these days for people wanting to start a blog and make money. But if you’re like I was a couple of years ago (when I was wondering what a blog was LOL), this is for you. While I’ve since been able to make as much as $1000 from a single blog post, I can empathize with the overwhelming feeling anyone has when looking into the “free blog marketing” thing.

So what do you do first to start a blog and make money?

First, if you want to start your own blog to make money, you need to be aware that there is a monthly fee involved for hosting. What’s hosting? It’s the mechanism that keeps your blog, you own personal website that is, in touch with the outside world. Most hosting costs between $10 and $30 per month, depending on what kind you get. Of course, you would want to start in the most cost effective manner.

Why worry about the cost? Because once you start marketing online, a lot of things cost money. Even with “free blog marketing” as they say… there are little programs out there that you will probably want to be a part of like Onlywire and SlideShare, which you can usually join for free, but will eventually wind up costing you once you get going.

You’ll want an Email Auto-Responding system when you decide to start a blog and make money…

Another cost to take into account is your email auto-responding system. Why is that important to have if you just want to start a blog and make money? Because you’ll want to have a way to keep in touch with you leads.

Most people who are remotely interested in your site will not buy right way. And, the average person needs to be approached on average seven times before they decide to buy.

So, if you don’t want to be jotting down everyone’s phone number (for the few who actually leave their correct number) and nagging them to death with phone calls, then you’ll want to have an email auto-responding system in place.

Not everyone who has decided to start a blog and make money and is successful…

But you must remember this; everyone who has decided to start a blog and make money AND who has become wildly successful at it has been persistent.

Persistence pays off no matter what. Does this mean that you’ll be paying hosting and auto-responding systems and marketing services for your blog before you actually make money? Yes! You actually will be in the red before you even get your blog noticed!

But isn’t there just a fast and easy way to start a blog and make money?

Actually, no. However, there are faster and easier ways. I’m a strong advocate of a team blogging system because it comes with everything all setup. You don’t have to worry about hosting and technical difficulties because you can always count on a staff of employees available by phone or email to help you out.

In addition, a team blogging system already has a lot of traffic, and is therefore viewed as “popular” by Google. Hence, you blog pages are more likely to get noticed on the internet. And the cost is really not much more than just the hosting itself when you first try to start a blog and make money.

Four Helpful Options Available For Office Phone Systems

To compare business phone systems and find the right fit for a particular company, four benefits should be heavily considered. Ideal office phone systems will include a virtual receptionist, voicemail transcriptions, ‘contact us’ web widgets, call routing to cells and office phones, and HD voice quality.

Compare Business Phone Systems That Come With Voicemail Transcription

An option known as voicemail transcription transmits a text version of voicemail messages to the email address an individual has selected. The written transcription arrives at the user’s email address and/or email-enabled cellular device along with an audio file of the message. Some providers include this feature in their packages. Others offer a free 30-day trial of voicemail transcription service to all users on a company’s account. Once the trial period has concluded, a manager can choose to continue this option as a paid service on certain extensions of his choice. Fully automated, voicemail transcription utilizes high-tech voice recognition technology. The transcribing does not need a live agent. By using automated technology, communication vendors can ensure total privacy and speedy delivery of the transcribed message.

‘Contact Us’ Web Widget Offers Added Value

Business owners who compare business phone systems find that a web widget with ‘contact us’ capabilities gives online publishers the chance to increase value and following to blogs, social networks, home pages, and websites. Easily embedded into a page, a widget is a small web application. This capability is included with some office phone systems that are designed with the components needed to be embedded in a blog or web page. The most common of internet forms, ‘contact us’ web widgets can be located on numerous websites and blogs. Typically, they all consist of the same structure including a user information section (name, company, email, etc.), and a contact detail section (purpose for contact, subject, and description).

Call Routing, From Cells To External Offices

Call routing entails answering an incoming telephone call and routing it to another point that could be any extension number in the office, a handheld or portable device like a cell phone, or to another landline number. The biggest selling point of call routing is that it ensures that no important calls are missed when a person is unavailable or at a location where the telephone number usually exists. Today’s providers often offer deals that come with call routing to cell and office cubicles, even with a basic package. In some instances, the subscribers can receive cellular call forwarding services. If the cell number incurs problems, then the subscriber can route the call to any other desired number until a solution is put into place. There are countless positive aspects of call forwarding services. For example, when the chief executive officer is not physically present at the office, he can still answer the calls coming into his office line. This ability to forward calls to an employee’s cell phone, landline, or any other number desired makes managing a company far more efficient. With this technology, the desired party can speak to directly to clients, answer their questions, and provide information, regardless of their location.

Importance Of HD Voice Quality

As individuals who operate a company compare business phone systems, they should consider the importance of HD (high-definition) voice quality. Also called wideband voice, this advancement has received a lot of attention recently. The audio technology, which allows office phone systems to send a far broader range of sounds over internet lines than traditional phones, greatly improves the clarity of voice calls. Conventional lines use PSTN (public switched telephone network) circuits that produce more static and less lucidity. Businesses can tangibly benefit from HD voice quality by not dealing with calls coming in that are inaudible or get cut off. Business owners trying to close a deal prefer to depend on HD voice quality instead of traditional fuzzy lines.

Network Marketing Blog Traffic Training

Let me guess. You’ve created a network marketing blog complete with graphical headers, opt-in boxes and banner ads for your favorite affiliate programs, but you aren’t making any money because you don’t have sufficient traffic to your a network marketing blog. Now that the blog is up and running, you’ve realized that just having a network marketing blog is only half the battle. The other half is blog traffic. You’ve landed on this post looking for a network marketing blog traffic strategies, tools or training. Am I right so far?

Or perhaps you don’t have a network marketing blog yet and are thinking about creating one. You’ll be glad you landed here because a blog without any traffic won’t make any money or generate any leads. Be sure you have a traffic plan for leading people to your blog.

Either way, you are in the right place. This particular MLM blog gets plenty of traffic and I can teach you how to do it too.This will be an overview article discussing your options for network marketing blog traffic. We can’t possibly teach you how to do all this stuff in one article…but the tutorials and resources on rest of the site will get you pretty far.

Network Marketing Blog Traffic Sources

Search Engines

Paid search

You can run pay-per-click (PPC) ads on any of the major search engines. When someone searches for a keyword like “network marketing blog” your ad will be served to them. A click takes them directly to your website. You pay for each click. The amount depends on how many other advertisers you are competing with. You can turn it on or turn it off at any time.

Organic search

Organic search is also called SEO or search engine optimization. This is the process of optimizing your website to appear high in the free search results for a particular keyword phrase. It takes time and patience, but once your MLM blog ranks well for a couple popular searches, you’ll get lots of free clicks and visitors.

Referring Sites

Text Ads/Banner Ads

You can place sponsored links, text ads and banner ads on other websites to bring in referral traffic to your own website. This can be done through large ad servers that place links on thousands of sites or by negotiating directly with the owner of the target site. Prices will vary and most consumers will know it is a paid ad. Turn on or off at any time.

Content Links

Every site owner needs content. When you provide quality content in the form of a guest blog post or a useful blog comment you are generally able to provide a link back to your own network marketing blog. If the reader enjoys your article or finds your comment helpful (and if you have something enticing to offer them on your site) they will often click the link to visit.

Email

Email is a fast and cheap way to reach many people. If you don’t have your own large email list yet you can do a list rental. This allows you to send a promotional message to thousands of people at a time. You can do a solo ad where you are the only sponsor of the email or have your message batched with other advertisers. Prices are based on list size, quality and how prominently your message is featured.

Smart Phones

QR codes and text messages are two ways to get people to your blog from smart phones. This strategy is currently very effective because not many people are doing it, but you want to make sure you have a mobile-friendly network marketing blog before sending a bunch of smart phone traffic to it. Stay tuned to this one…it is the wave of the future.

Offline

Ever heard of drop cards? They are mini-advertisements printed on business card-sized paper than you can drop around town. The card directs people to your network marketing blog for more information about the headline on the card. They are very inexpensive to print and easy to work into your daily routine.

Getting Started with Network Marketing Blog Traffic

The smartest thing you can do is to learn a little bit about each of the options for network marketing blog traffic and then select ONE strategy to get really good at. Don’t try to do them all at the same time. Build up your blog traffic to 300 or more visitors per month from a single method before launching into any others. This amount of traffic will be enough to give you early feedback on the effectiveness of the offer and opt-ins on your network marketing blog. The rest is tweaking, refining and adding more traffic.

The world of online network marketing is vast and confusing. Some might say it is hostile to the new-comer with lots on entrenched experts selling the newbies systems and tools that they really don’t need. We understand that it is hard to know who to trust.

Give us the opportunity to earn your trust and confidence. We created networkmarketingleadsblog.com to provide the best network marketing content without any of the BS. Just for stopping by you can pick up 3 different free ebooks and several cool tools.

A “Less Narrow” Narrow Banking

Ultimately the “correct solution” to the US’s banking troubles are not going to come from a simple return to narrow banking or a switch to macro-prudential banking either. While macro-prudential banking looks in its early stages to be working in Columbia and Spain, it has no proven success in an advanced economy to this point, and its reliance on data and data analysis is fairly dangerous. While of course new is not always “bad,” when dealing with the American economy I think it is essential to start off with a system that has been proven to work soundly, and then implement smaller reforms on this system to make the system work even better. Research has shown that macro-prudential analyses were unable to detect the subprime crisis because it was not the “common bank crisis”. Additionally, there is always a tendency for the authorities and those conducting the analyses to get caught up in the same sort of optimism as the private sector, and this could be especially prevalent in a society as driven by wealth as the US’s. On the other hand, simply narrow banking (completely separating commercial and investment banks) has been shown to be restrictive on both the commercial and investment sector and would thus lower potential economic growth. The “too big to fail” proposal, while it has many positive aspects, really seems like an answer to only part of the problem.

The top solution I believe will take aspects from all three, and the banking solution I propose does this to some degree. Narrow banking- when done correctly- has worked very well in the past for the American economy: From post-WWII up through the late 90’s, the US was essentially void of any long (1+ year) recessions, outside of those due to extreme jumps in oil prices (rise in OPEC oil prices in 1973 along with Vietnam spending and also 1981 with jump in oil prices due to the Iranian Revolution). This was while following a strict narrow banking strategy as imposed by the Glass Steagall Act. As a reference, prior to the implementation of narrow banking there were over 10 recessions of 1+ year in the US in the previous 100 years (including a number that lasted over 2 years). With less enforcement of the act in the 1990s and finally the repeal of it in 1999, investment banks quickly began playing the role of commercial banks and taking on deposits, and commercial banks began selling off their deposits as investments. Quickly this led to the worst financial crisis in the US since the Great Depression. However, it is important to remember that while the financial crisis did emerge from the mixing of banking roles, extreme economic growth occurred initially. The best solution should seek to embrace this economic growth while preventing large financial crises that can stagnate it. My proposal plans to follow a “less narrow” form of narrow banking that will be less restrictive on banks while keeping a closer eye on their actions, less reliant on data analysis, but prevent the devaluing of assets from bringing down the entire financial institution, thus keeping the number of 1+ year recessions at a minimum.

– The first reform to implement is a simple restriction on the size financial institutions are allowed to grow to relative to the whole system. When one bank gets too intertwined in the affairs of all other banks and is essentially “too large to fail,” this can be a huge problem and have market-wide implications. Restrictions on the percentage of market assets held by any one financial institution need to be implemented to prevent the dependency of an entire economy on this single institution. Banks will still be able to continue growing, just not at a significantly faster rate than the rest, and this will essentially eliminate any sort of monopolization inside the banking sector. While this can eliminate the possibility for economies of scale, it will also prevent them from making risky decisions, knowing that the government will be forced to bail them out if they do indeed fail.

– A clear distinction must be made between investment banking and commercial banking, just as with the Glass Steagall Act. Investment banks must be in no case allowed to take on deposits of their own. Commercial banks must be restricted from selling off their deposits as assets, outside of Prime, low risk mortgages. Requiring commercial banks to hold onto all but the most risk-free mortgages will as an incentive for them to not let the mortgages default. They will only give out mortgages to credit-worthy customers if they must bear the burden of a default. In my proposed strategy, all assets would fall under 3 “tiers” according to their riskiness. Tier 1 would include low risk highly liquid assets, tier 2 less liquid and more risky assets, and tier 3 the highest risk and least liquid assets. The basics of each tier are outlined in the table below:

Tier 1 MMMFs, Treasury Bills, Certificates of Deposit, Gov’t Bonds, Euro debt securities

Tier 2 Corporate Bonds, Preference shares

Tier 3 Debentures, Corporate stocks, credit card debt, derivitives, triple A securities (rated by Fed)

– In this proposed model, investment banks would be allowed to invest in all 3 tiers. During times of market efficiency/stability, commercial banks would be limited to investing in tier 1 assets. Close regulation of the financial system (as in macro-prudential banking), would be put into place by the Fed to closely monitor market-wide risk, and based on this risk commercial banks would be permitted to invest in Medium risk (tier 2) assets depending on the financial conditions- during times of recession tier 2 assets will become available for commercial investment, and during booms the availability of investment in these assets would close off. But because in this model investment banking and commercial banking will be largely separate, a failure of the Fed to correctly predict the risk in the market will not result in a possible crisis as in pure macro-prudential economy.

How Banking Systems Originally Started

What is a banking system? It seems like a simple question. However, depending on where you sit and your personal perspective there can be several different answers.

When I pose this question to participants on my courses I invariably get an answer that deals exclusively with a computerized process. In today’s jargon the word “system” seems to automatically refer to a computer and a computer only.

However a “system” is bigger than just a computer. A “system” is a grouping or combination of things or parts forming a complex or unitary whole. An easily understood example is the postal system which includes things like letters, stamps, parcels, letter boxes, post offices, sorting offices, computers, clerks, mailmen, delivery vans, airlines; just to mention a few of its components. It is how all this is organised and made to work that makes it worthy of the title “postal system”. So, when we speak of a system, we speak of something much larger and more complex than the computerized part of that system.

The same logic relates to any other “system” and “banking systems” are no different.

The cheque clearing system (or check clearing system to our American cousins) can probably lay claim to the honour of being the oldest banking system in the world. This system, with variations, is used to this very day in all countries where the cheque still forms a part of the national payment system.

Today in the twenty first century, in most countries where the cheque is still in use, the cheque clearing system is a highly sophisticated process using state of the art technology, readers, sorters, scanners, coded cheques, electronic images and lots and lots of computing power.

The cheque is basically a humble piece of paper, an instruction to a bank to make a payment. The story of the cheque clearing system is a story that is worth telling. It is that story of a banking system that is now in its third century of operation. It is the story of a banking system that has evolved and changed and been improved through countless innovations and changes. It is a story of the key payment instrument that has helped grease the wheels of commerce and industry.

How did the cheque begin? Most probably in ancient times. There is talk of cheque-like instruments from the Roman empire, from India and Persia, dating back two millennia or more.

The cheque is a written order addressed by an account holder, the “drawer”, to his or her bank, to pay a specific amount to the payee (also known as the “drawee”). The cheque is a payment instrument, meaning that it is the actual vehicle by which a payment can be taken from one account and transferred to another account. A cheque has a legal personality – it is a negotiable instrument governed in most countries by law.

To illustrate let us use an example. Your Aunt Sally gives you a present for your birthday. A cheque for one hundred pounds. To get a hold of your real present (the cash that is) you have two options. You can take yourself off to Aunt Sally’s bank and claim payment in cash by presenting the cheque there yourself, or you could give the cheque to your own bank and ask them to collect the amount on your behalf.

Collecting your present in person can be a real bind, especially if Aunt Sally lives in another town, miles away from where you live. So you deposit your cheque with your bank.

Cheque clearing is the process (or system) that is used to get the cheque that Aunt Sally gave you for your birthday, from your bank branch, where you deposited it, to Aunt Sally’s bank branch and to get settlement for the amount due back to your own branch. Given that on any one day millions and millions of cheques are processed, sorted, processed, transported; getting payment for and keeping tabs on all of these items is no easy feat.

A year or two back the annual number of cheques processed in the United Kingdom was just over five million. Not per year but PER DAY!

However, we are digressing. We need to get back to our story, now unfolding almost two and a half centuries ago. Until about 1770 the collection of cheques in London, which by then had already become the world’s premier banking centre, was pretty much an informal, tedious affair. Each afternoon clerks from each of the dozens of London banks would set out with a leather bag tucked under their arms. In the bags were the cheques that had been deposited with their banks drawn on all the other London banks.

They would trudge from one bank to another, through rain and through mud, in summer and winter. At each bank they would present the cheques that had been deposited with them for collection and would receive in exchange cash payment for the items presented. When necessary they would also take delivery of cheques drawn on themselves and deposited at these other banks, keeping a tally of balances between them and the other bank until they settled with each other. This dreary exhausting trudge from one bank to another would often take the best part of each afternoon. On their return the cash received in payment of those cheques would be balanced up. Life was indeed hard.

And then it happened! A spark of innovation flashed across the mind of one of those weary clerks. Who it was, is not known, but he had a real brainwave, probably driven by thoughts of how to boost his leisure time or settle his nerves with that extra pint of ale.

The logic was simple. If the clerks could all meet at a set time at a single place, they could transact their business, each with the other in a fraction of the time and without the need to walk miles and miles to dozens of banks. They started doing this by arranging to meet daily at the Five Bells, a tavern in Lombard Street in the City of London, to exchange all their cheques in one place and settle the balances in cash. In the spirit of the efficiency gained they could maximise their leisure and drinking time – which they promptly did, much to the satisfaction of the local publican. An added benefit was that all this now happened out of the cold and the wet and the gloom.

The cheque clearing system had been born.

There were other benefits to be gained from this new system too. By having all the banks present at a single exchange session permitted interbank obligations to be settled on a multilateral net basis. This provided a huge savings in the amount of cash that each of the clerks had to carry to settle his banks obligations.

Pretty soon the next innovation kicked in when the banks dispensed with settling in cash. This was replaced when the banks set up a process of exchanging IOUs drawn on their respective accounts at the Bank of England, for the net amounts payable or due. The IOU was called… you guessed it; a clearance voucher.

In the next two hundred years the process or system was replicated around the world as the only method for the collection and settlement of cheques, which at that time was the only domestic payment instrument.

Different countries adapted the system with minor variations. However the principal remained the same. While the various systems operated beautifully in terms of operational and technical efficiency, the legal risk in the netting process was neatly ignored. This lacuna was only corrected in the 1990s with the realization of the systemic risk that this gap had created.

The nineteenth century saw the previously handwritten cheques being replaced by printed forms issued by banks to their clients, often embodying some form of security feature to hamper attempts at forgery.

Nothing much changed until the 1960s and 1970s when automation was introduced into the cheque clearing system. Growing volumes of cheques around the world necessitated new ways to process the flood of new payments being made. During this period we saw a proliferation of automated clearing houses in which machine-readable cheques were processed, sorted, batched, cleared and settled. The method used for this was the code-line printed on the cheque, either in magnetic ink (MICR -Magnetic Ink Character Recognition) or using a special font (OCR – Optical Character Recognition).

Subsequent innovations have seen this data being transmitted electronically from bank to clearing house and then to the bank again. Images of the cheques are now also regularly transmitted between banks. In many jurisdictions the digitized image of the cheque has become the legal replacement of the original paper cheque allowing the paper instrument to be truncated at source.

Despite the growing popularity of pure electronic payments in many parts of the world, the use of the cheque still remains popular in the United States. Perhaps the ultimate accolade to the durability of the cheque and the cheque clearing system is the fact that many American banks today allow their customers to photograph their cheques, using a bank developed app, for deposit via their smartphone. The cheque image, both front and back, is transmitted to their bank for credit of their account.

This original banking system has certainly come a long way in two and a quarter centuries since the first cheque clearing house began its operations in a room at the Five Bells Tavern in the City of London, as a smart idea to give a bunch of young bank clerks more drinking and leisure time, out of the cold and the damp.

Loan Files – Automation Through Digitization at Banks

With recent technological advancements in the financial industry, banks throughout the United States (and the rest of the world) continue to search for tools to optimize traditionally manual processes. With administrative costs comprising such a large portion of a bank’s annual expenses, banking software systems that provide effective automation will continue to experience solid growth for decades to come. A major trend among banks is the automation of loan files. As any banker knows, a single file can represent mountains of paperwork and possibly years of work. This article takes a look at the ways banks are using bank imaging technology to streamline the management of loan and credit files.

Questions For Consideration

Before considering your options for loan file automation, it is wise to first review some basic questions about your bank’s current situation. By thinking critically about your bank workflow as it stands today, your financial institution can maximize return on investment. The following questions may be helpful when starting the process of optimization.

How efficient / effective is your current paper loan file system?
How much money does your financial institution spend each year creating and organizing physical files?
How frequently do physical files have to be transferred from one branch to another?
Things to consider: courier costs – routing for credit analysis, approval officer review, etc
Has your bank every misplaced, damaged, or completely lost a loan file, creating mountains of duplicate administrative work to restore the original files?
Have customers or lending officers ever complained about the length of time it takes to approve or update loan files at your bank?

Loan Approval Process: A Very Good Place to Start

Once you have identified the need to automate your loan process, a wise place to begin is at the very start of the application process. By implementing a banking software system that can manage your loan files from start to finish, your organization will yield the greatest ROI from such a platform. When evaluating the offerings from different banking software companies, it is a good idea to find a system that will integrate with your existing applications, underwriting software, credit analysis platform, and documentation. It is also important to find a system that will provide up to the minute loan status information, electronic routing, and multi-party document viewing rights. Through automated updates to the assigned user, loan status, and approval status, your bank will experience formerly unrealized economies of scale.

Optimizing Your Bank’s Loan Pipeline

With the volume of loans being processed each day in a single bank branch, keeping up with the status of each paper loan file has historically been a challenge for institutions of all sizes. When implementing bank loan software to centralize such activity, it is crucial that your bank select a banking software company that offers a loan pipeline management and reporting tool. Such tools typically offer a customizable dashboard for instant analysis of a bank’s existing loan pipeline. In addition, such platforms should provide a wide variety of reporting options, allowing users to subscribe to email alerts for specified pipeline activity. Also, reports should have the ability to be easily exported to the standard formats, such as.pdf and.csv, allowing deeper analysis by management.

Customize Loan Files for Your Bank Workflow Needs

Perhaps the greatest benefit of automating loan files via bank management software, is the ability to quickly glance at the entire documentation workflow and instantly understand which documents are still missing. As documents are routed from user to user through your bank workflow, users can be automatically notified via email that their action is required. When choosing a banking document management system to streamline your loan filing, it is vital that you go with a vendor that allows you set up unlimited workflow actions in your system. By customizing every workflow action to your bank’s needs, you can ensure that your system will reflect the operational goals of your institution. Such elements to consider in your workflow automation include: managing exceptions, defining user groups, email notification recipients, setting lending limits, etc.

Closing Thoughts – Loan File Digitization

By automating the approval and life cycle of a loan file, your bank can reap significant benefits. Studies have shown that many financial institutions are able to recoup their investment in loan portfolio management software within a twelve to eighteen period. By digitally capturing every action associated with a loan file, banks have been known to save money in the areas of administrative costs, courier / overnight shipping expenses, storage space, and overall productivity.

Same Day Loans – When You Need Cash in 24 Hours

What would you do if your month’s pay is exhausted and you have some urgent need of cash? A bank overdraft is an option but that comes with a fee. Here is one option which is cheaper than a bank overdraft. It is called a same day loan.

A same day loan offers an easy loan option to individuals who are in urgent need of extra cash. A same day loan can be alternately called as a pay day loan or a cash advance. A typical characteristic of these loans is that a fixed finance charge is associated with these loans and there is no interest if payments are made in time.

Advantages of same day loans:

If we take a look at the uses into which the same day loans are put into, we can easily make out how valuable the service is. Imagine a sudden large expenditure comes up at your home during a particular month and you exhaust your month’s salary in the 2nd week of the month. A credit card bill follows or a rental payment is to be made out. In case of a credit card if you don’t make the payments then there is a chance of delinquency which would involve a large financial charge along with the interest charges. In case of a rental payment the goodwill of the owner is lost if payments are not made in time.

A same day loan is ideal for all income levels so borrowers are not returned empty handed.

The most important advantage of a same day loan is that it can be obtained in a very short notice and that is the reason why “same day” prefix is there.

The borrowers can avail of these loans approximately in the range of £80-£750.

The repayments are automatically taken from the borrower’s bank account when the next month’s pay comes.
A same day loan is a short term loan with the repayments being made by the borrower within 2-3 weeks so the lenders are willing to offer these loans to people with bad credit history also.

What they look for?

There are some basic requirements laid down by the lender for getting a same day loan. These requirements substantiate the financial ability of the borrowers of repaying the loan. The lenders look for a minimum monthly income and in addition to that the borrowers should have a bank account.

What you should look for?

In the process of filling up a loan application some lenders require documentation that needs to be faxed. If you need fast cash as in case of a same day loan faxing documents might delay the loan approval process. This happens in case of a fax same day lender.

But if you choose a no fax same day lender the lender will verify the information supplied by you by contacting your bank and your employer. In case of these lenders the money is received fast in the account of the borrower.

So choose a no fax pay day/same day lender for quick loan approval process.

Want instant approval? Go online

Online option gives you a chance of accessing multiple lenders in a single click of the mouse. You can then compare the charges associated with these different lenders. You can also look for the different guidelines, terms etc. associated with these loans. Once you locate a suitable loan you can then apply online and then the whole process would be very fast. An in a few hours the money would get deposited in your bank account.