Work flawlessly using Impeccable Loan Underwriting Software

While Underwriting a Loan or a New Business Policy it is often required for the underwriter to refer to multiple sources of information, populate them on to an underwriting worksheet and finally underwrite the case in hand. While doing so, a lot productive time is spent in tasks of searching for the right information, toggling between systems and many a times repeating the task of populating the information in worksheets that is already available in the systems.

The Load underwriting software / NewBusiness underwriting software provided by AWPL known as the DotSphere Underwriting solution supports automated processing where all information – the business application, imaged documents and emails – are integrated to support accurate underwriting. The solution offers an integrated user interface and unique two-monitor approach, where one monitor acts as the primary work area and the second monitor displays the supporting information, providing the collective intelligence necessary to support the underwriting process.

The solution generates an underwriting worksheet by pulling data from various sources, including information about previous policies, current application and indicator of overall risks to the insurance carrier. Similarly attachments to the current application and imaged documents from previous applications are listed for underwriters to verify all information collectively. Emails from agents and clients are filtered and displayed within the processing environment.

The underwriting software integrates with virtually all back end line-of-business systems, including core policy administration systems and auto-underwriting systems, as well as business process management, content management and email systems.

Additionally the solution can embed content from other applications. The system can also show the scorecard for each staff member and their calendar from Lotus Notes or Microsoft Exchange. The case object including relevant data from underwriting worksheet and associated documents are packaged automatically for delivery to external users.

Value Proposition

DotSphere Underwriting software improves productivity by providing a single interface for all work, so underwriters can review cases and all relevant information without toggling through different applications. Information visibility is vastly improved, bringing all information to the user’s fingertips via the two-monitor approach. Customers using the solution have reported productivity gains of 20 to 40 percent.

The solution enables business leaders to drive underwriting operations to meet SLAs and accommodate various factors. Organizations can now execute effective strategies such as assigning teams to handle different zones, high-value clients and high-volume front offices.

The solution also enables organizations to monitor the performance of each team and staff member, to make optimal use of human resources. Through the knowledge management tools, team leaders can provide feedback to staff and also create sample cases for reviews and knowledge sharing. The data collected can be leveraged by any business intelligence solution to predict and show patterns of customer behavior and underwriting decisions.

The solution is designed for rapid and low cost deployment. Underwriting is changing constantly, be it new regulations or adapting to social background or encoding new guidelines. To ensure the solution is adaptable, each element is configurable and can be updated or created using a graphical user interface, keeping the total cost of ownership low.

For more information visit us at www.awpl.co or mail us at marcom@awpl.co