Best Practice (Good)
Develop a triage process for underwriting incoming applications, sending simpler files through an automated underwriting system or an entry-level underwriter, while assigning more difficult files to more senior, experienced underwriting staff.
Typical Practice (Bad)
Assign incoming applications to underwriting staff arbitrarily and allow them to use their experience and judgment to guide them through the underwriting process.
Benefits: Improves underwriting cycle time and accuracy, and frees up senior underwriting staff to work on more complex, difficult underwriting tasks.