BindExpress Underwriting is a powerful tool for developing electronic underwriting rules, not only for traditional accept/refer/reject scenarios, but also for risk scoring and tiering applications. You can use the drag-and-drop graphical interface to design complex logic “trees,” easily embedding your decision rules or scoring calculations as you go.
And just like for rating, you can deploy the resulting computer code to any platform – from PDA's to Internet and mainframe.
For example, as shown in Figure 1, we can start a Commercial Property underwriting model by asking the type of construction (A_Construction_Type = Frame, Masonry, etc.).
If it's Frame, we can expand the model to ask if the building was built before 1992 (see Figure 2). If “yes,” it could perhaps reject the first, or refer for review by an underwriter.
Alternatively, we could add further questions, e.g. ask if the building has been renovated. If "no," we could decline or refer, and so forth.
There is no limit on the number of decision levels you can have. And because of the intuitive, visual approach, even complex rules are easy to build and maintain with BindExpress Underwriting!