# US 2014/0195412 A1 · Increased efficiency for underwriting loans > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 2014/0195412 A1 - Document ID: US20140195412A1 - Status: Published application - Kind: A1 - Application number: 13/734,123 - Filed: 2013-01-04 - Published: 2014-07-10 - Earliest claimed: 2013-01-04 - Inventors: Michael Sidney METZ; David Clark DEATRICH; Michael Joseph SULLIVAN - Web page: https://patentgrep.com/patent/US20140195412A1 ## CPC - G06Q 40/03: Credit; Loans; Processing thereof - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## 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. ## Claims ### Claim 1 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. ### Claim 2 (depends on 1) The method of claim 1, further including, in conjunction with the underwriting, generating a decision for an approval for at least one of the plurality of financial products via the decision engine. ### Claim 3 (depends on 2) The method of claim 2, wherein the underwriting is based upon the availability of the at least one of the plurality of financial products and a closest matching one of the at least one of plurality of financial products with the collected data. ### Claim 4 (depends on 1) The method of claim 1, further including, in response to a user inputting data into each of the plurality of dynamic sections, determining via an alternative decision engine if additional information is required for each of the plurality of dynamic sections, wherein an nth iterations of questions is presented to the user for satisfying at least one of the plurality of dynamic sections based upon answers provided by the user. ### Claim 5 (depends on 1) The method of claim 1, further including, upon completion of the underwriting, generating a packet containing a plurality of documents associated with and required for the underwriting, wherein at least a plurality of terms and conditions and a plurality of governmental required documents are included with the packet. ### Claim 6 (depends on 5) The method of claim 5, further including, upon generating the packet, providing the user via the web portal information explaining data contained in the packet and educational material for understanding the underwriting, the plurality of terms and conditions, and the plurality of governmental required documents contained in the packet. ### Claim 7 (depends on 2) The method of claim 2, further including bypassing, by the decision engine, an existing underwriting mechanism of an external financial services provider, wherein the decision is forwarded to the external financial services provider. ### Claim 8 (depends on 7) The method of claim 7, wherein the decision is structured so as to eliminate a necessity of the financial services provider to implement at least a portion of the existing underwriting mechanism of the external financial services provider against the collected data. ### Claim 9 (depends on 1) The method of claim 1, further including performing each one of: using a plurality of program parameters for an existing or a new one of the available plurality of financial products, wherein each one of the plurality of program parameters are linked to each one of the existing or the new one of the available plurality of financial products, and comparing the plurality of program parameters and product guideline rules in the decision with the collected data. ### Claim 10 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. ### Claim 11 (depends on 10) The system of claim 10, wherein the processor device, in conjunction with the underwriting, generates a decision for an approval for at least one of the plurality of financial products via the decision engine. ### Claim 12 (depends on 11) The system of claim 11, wherein the underwriting is based upon the availability of the at least one of the plurality of financial products and a closest matching one of the at least one of plurality of financial products with the collected data. ### Claim 13 (depends on 10) The system of claim 10, wherein the processor device, in response to a user inputting data into each of the plurality of dynamic sections, determines via an alternative decision engine if additional information is required for each of the plurality of dynamic sections, wherein an nth iterations of questions is presented to the user for satisfying at least one of the plurality of dynamic sections based upon answers provided by the user. ### Claim 14 (depends on 10) The system of claim 10, wherein the processor device, upon completion of the underwriting, generates a packet containing a plurality of documents associated with and required for the underwriting, wherein at least a plurality of terms and conditions and a plurality of governmental required documents are included with the packet. ### Claim 15 (depends on 14) The system of claim 14, wherein the processor device, upon generating the packet, provides the user via the web portal information explaining data contained in the packet and educational material for understanding the underwriting, the plurality of terms and conditions, and the plurality of governmental required documents contained in the packet. ### Claim 16 (depends on 11) The system of claim 11, wherein the decision engine bypasses an existing underwriting mechanism of an external financial services provider, wherein the decision is forwarded to the external financial services provider. ### Claim 17 (depends on 16) The system of claim 16, wherein the decision is structured so as to eliminate a necessity of the financial services provider to implement at least a portion of the existing underwriting mechanism of the external financial services provider against the collected data. ### Claim 18 (depends on 10) The system of claim 10, wherein the processor device performs each one of: using a plurality of program parameters for an existing or a new one of the available plurality of financial products, wherein each one of the plurality of program parameters are linked to each one of the existing or the new one of the available plurality of financial products, and comparing the plurality of program parameters and product guideline rules in the decision with the collected data. ### Claim 19 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. ### Claim 20 (depends on 19) The computer program product of claim 19, further including a fifth executable portion that, in conjunction with the underwriting, generates a decision for an approval for at least one of the plurality of financial products via the decision engine. ### Claim 21 (depends on 20) The computer program product of claim 20, wherein the underwriting is based upon the availability of the at least one of the plurality of financial products and a closest matching one of the at least one of plurality of financial products with the collected data. ### Claim 22 (depends on 19) The computer program product of claim 19, further including a fifth executable portion that, in response to a user inputting data into each of the plurality of dynamic sections, determines via an alternative decision engine if additional information is required for each of the plurality of dynamic sections, wherein an nth iterations of questions is presented to the user for satisfying at least one of the plurality of dynamic sections based upon answers provided by the user. ### Claim 23 (depends on 19) The computer program product of claim 19, further including a fifth executable portion that, upon completion of the underwriting, generates a packet containing a plurality of documents associated with and required for the underwriting, wherein at least a plurality of terms and conditions and a plurality of governmental required documents are included with the packet. ### Claim 24 (depends on 23) The computer program product of claim 23, further including a sixth executable portion that, upon generating the packet, provides the user via the web portal information explaining data contained in the packet and educational material for understanding the underwriting, the plurality of terms and conditions, and the plurality of governmental required documents contained in the packet. ### Claim 25 (depends on 20) The computer program product of claim 20, wherein the decision engine bypasses an existing underwriting mechanism of an external financial services provider, wherein the decision is forwarded to the external financial services provider. ### Claim 26 (depends on 19) The computer program product of claim 19, wherein the decision is structured so as to eliminate a necessity of the financial services provider to implement at least a portion of the existing underwriting mechanism of the external financial services provider against the collected data. ### Claim 27 (depends on 19) The computer program product of claim 19, further including a fifth executable portion that performs each one of: using a plurality of program parameters for an existing or a new one of the available plurality of financial products, wherein each one of the plurality of program parameters are linked to each one of the existing or the new one of the available plurality of financial products, and comparing the plurality of program parameters and product guideline rules in the decision with the collected data.