Underwriting
Industry Challenges
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The need to make decisions must be matched by the ability to make valid judgments on compliance issues to avoid losses. Areas of concern include:
- Outdated manual processes
- Complicated compliance spreadsheets
- The need to ensure data accuracy
- Prevention of calculation manipulation by employees
- The need to identify problem loans quickly
- The need to streamline processes
- Minimizing human errors
- Changes requiring constant training
- Knowledge of complex legal issues
- Cognizance of laws of multiple states
- The need to avoid time wasted on processing applications for loans that can’t legally be made
- Preventing last minute fire drills
- Maintaining compliance with agency and investor requirements
- Identification of problem originators
Industry Solutions
As part of loan underwriting, Interthinx provides the opportunity to perform automated common compliance checks, data validation, streamlined processes, consistency, and unbiased analytics for all 50 states.
