Traditionally, the initial review process is manual and time-consuming. Brokers send emails to underwriters indicating the cover need. Underwriters then rely on their experience to manually assess the application and make a recommendation via an Underwriting Memo.
Our offering transforms this process by automating the initial review, significantly speeding up the assessment and eliminating manual work.
Automated assessment
Our technology quickly evaluates the application, leveraging advanced algorithms and data analytics. |
Enhanced accuracy
Reduce human error and ensure consistent, reliable assessments. |
Faster task turnaround
Expedite the initial review process, allowing underwriters to focus on more complex tasks.
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*Based on 60 underwriters spending 220 hours a year on 'initial review' tasks at £60 an hour.
**In the complex world of underwriting, efficiency and accuracy are paramount. The underwriting process involves eight critical steps:
1. Application submission
2. Initial review
3. Credit evaluation
4. Income & asset verification
5. Appraisal
6. Title search
7. Final underwriting decision
8. Closing