BEP Systems launches underwriting system for lenders
Web and mobile banking firm, BEP Systems, has designed a new underwriting system for lenders - Agile Underwriting.
"It works across mortgages, secured and unsecured loans, visualising risks and enabling underwriters to easily reprioritise."
Developed as a module for BEP’s Apprivo2 system, Agile Underwriting integrates underwriting, case management and funding teams.
The concept aims to bring the whole loan process into one holistic system. Case managers and underwriters can make decisions from one simple interface, including a visual representation of the risk, in a bid to simplify the decision making process and enable faster loan completions.
Chris Little, managing director of BEP Systems, said: “Apprivo2 Agile Underwiting is a revolutionary system which will both simplify and speed up the process of underwriting. It works across mortgages, secured and unsecured loans, visualising risks and enabling underwriters to easily reprioritise.
“This will transform the process for underwriters providing a real competitive edge for the lenders who use this system.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
Inflation
Interest rates could rise as Bank of England responds to oil shock
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
This week's biggest stories:
First-time Buyer
Just one profession pays enough for buyers to afford average UK home
Inflation
Interest rates could rise as Bank of England responds to oil shock
Bank Of England
Bank of England holds interest rates as inflation risks persist
FCA
APPG urges overhaul of 'systemically flawed' UK financial conduct regulation
FCA
FCA confirms new incident reporting and third party rules
Mortgage Rates
Average mortgage rates rise above 5% as market turbulence continues
