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.
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Automated assessment
Our technology quickly evaluates the application, leveraging advanced algorithms and data analytics. |
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Enhanced accuracy
Reduce human error and ensure consistent, reliable assessments. |
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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