Underwriting

Overview

Underwriting is a key decision process in sales which consists of evaluating requests for a product such as a loan or an insurance policy, deciding who to approve or reject and setting the terms of the product (e.g., loan amount or interest rate)

Corridor’s underwriting solution allows Users to build underwriting policies that can be used to make multiple decisions such as:

• Who to approve

• What amount to offer

• What interest to charge, etc.

Creating an Underwriting policy

• All policy types follow the same procedures. Only the entity on which the decision is made and hence data available for use varies, depending on the policy type.

• Underwriting policies apply to application entities and can only use application and prospect related data.

• Refer to the section on Generic Policy Management Procedures for details on how to create and manage a underwriting policy using prospect data.