Increased efficiency for underwriting loans
OwnerMichael Sidney METZ, David Clark DEATRICH +1inventors
InventorsMichael Sidney METZ, David Clark DEATRICH, Michael Joseph SULLIVAN
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Abstract
Exemplary method, system, and computer program product embodiments for increased efficiency for underwriting are provided. In one embodiment, by way of example only, collected data obtained from dynamic sections in a web portal is processed, thereby instantaneously underwriting at least one of an available multiplicity of financial products via a decision engine without necessitating the forwarding of the collected data to an external underwriting system. Additional system and computer program product embodiments are disclosed and provide related advantages.
Claims27
A method for increased efficiency for underwriting by a processor device in a computing environment, the method comprising:
- processing collected data obtained from a plurality of dynamic sections in a web portal thereby instantaneously underwriting at least one of an available plurality of financial products via a decision engine without necessitating the forwarding of the collected data to an external underwriting system;
- determining whether the collected data falls outside one of traditional lending guidelines and insurance guidelines;
- matching the collected data with a highest rated underwriting system if the collected data does not fall outside one of the traditional lending guidelines and the insurance policy guidelines;
- and
- matching the collected data with a non-traditional lending system if the collected data does fall outside one of the traditional lending guidelines and the insurance policy guidelines.
A system increased efficiency for underwriting in a computing environment, the system comprising:
- a processor device, and
- a decision engine, operable by the processor device, wherein the processor device:
- processes collected data obtained from a plurality of dynamic sections in a web portal thereby instantaneously underwriting at least one of an available plurality of financial products via the decision engine without necessitating the forwarding of the collected data to an external underwriting system,
- determines whether the collected data falls outside one of traditional lending guidelines and insurance guidelines,
- matches the collected data with a highest rated underwriting system if the collected data does not fall outside one of the traditional lending guidelines and the insurance policy guidelines, and
- matches the collected data with a non-traditional lending system if the collected data does fall outside one of the traditional lending guidelines and the insurance policy guidelines.
A computer program product increased efficiency for underwriting in a computing environment by a processor device, the computer program product comprising a non-transitory computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising:
- a first executable portion that processes collected data obtained from a plurality of dynamic sections in a web portal thereby instantaneously underwriting at least one of an available plurality of financial products via a decision engine without necessitating the forwarding of the collected data to an external underwriting system;
- a second executable portion that determines whether the collected data falls outside one of traditional lending guidelines and insurance guidelines;
- a third executable portion that matches the collected data with a highest rated underwriting system if the collected data does not fall outside one of the traditional lending guidelines and the insurance policy guidelines;
- and
- a fourth executable portion that matches the collected data with a non-traditional lending system if the collected data does fall outside one of the traditional lending guidelines and the insurance policy guidelines.
Dependencies are inferred from the claim text.