Banks - the Blob

A spokesperson for BankWest estimated 80% of the issues between lawyers dealing with Financial Institutions is colloquially caused by

• fax heaven or hell
  
• the Blob
  
• the Black Hole
  

Where faxes with important messages and copy documents just disappear, vamoosh, never to be seen again, to re-appear another day perhaps, where do they go?, maybe .........



BankWest recognises the long term goal is the Electronic Mortgage and Loan Documentation and to achieve this the Blob has to go.

I just thought I might share this with you.