Underwriting
Underwriting is the process of assessing a lending application and deciding whether, and on what terms, to lend. It can be automated (rules and scorecards decide), manual (an underwriter reviews the case), or a blend where the system handles the routine and refers complex cases to a human.
Manual underwriting is costly and slow, so lenders aim to automate straightforward decisions and reserve human judgement for edge cases, such as thin files, complex income or borderline affordability.
The goal is consistency and speed without losing the ability to explain and justify each decision.
Credit Canary builds underwriting into one platform for UK lenders, with the data and decisioning behind it.
Decisioning EngineSee underwriting in a working platform
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