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07 June 2017

BEP Systems, the provider of revolutionary web and mobile banking, has designed an ‘Agile Underwriting’ system for lenders. 

The concept of agile underwriting is to bring the whole loan process into one holistic system, instead of trying to operate across multiple systems which happens in so many financial institutions. Now case managers and underwriters can make informed decisions from one simple interface, including a visual representation of the risk which can considerably shorten the underwriting process.

Developed as a module for BEP’s highly effective Apprivo2 system, the whole process of underwriting a loan becomes decidedly visible.  Agile Underwriting integrates underwriting, case management and funding teams. This simplifies the decision making process and enables faster loan completions.

Underwriters will be able to use Agile Underwriting to reprioritise, using shortcuts and wizards which will enable them to react to any changes to a case and change their priorities accordingly. It will make it easy for an underwriter to see how much work there is to do and when it needs to be done by.  It uses Kanban methodology to ensure the right things get done in the right order at the right time.

Apprivo2 also highlights risk through its Risk Assessment Hub. This brings individual cases to life and makes underwriting a loan very much a visual process – enabling the underwriter to visually build up the rationale to lend.

Apprivo2 is the first of its kind in the industry; it offers financial services companies of all sizes significant competitive advantage, as well as the ability to rapidly scale up transaction volumes and roll out new changes without impacting current operations.

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.”