Some of this you can simply buy. Some you can't. Here is how to tell.
Buy it when
- - Your submissions come in a few standard formats.
- Your underwriting platform already has intake built in.
- Your appetite rules are simple and fit the product's settings.
Build it when
- - Submissions come as emails, slips, forms and spreadsheets, all different.
- Your appetite rules, referral rules or authority limits are specific to you.
- The data has to land in two or more systems that don't talk to each other.
- You need to show how each submission was assessed.
Do both when
- A product reads the documents well, but someone has to connect it to your rules, your platform and your audit trail. That connecting work is where most projects stall.
Three questions to ask before you spend anything
- - Could a product do this with settings alone, without a specialist?
- Whose rules does it need to follow, and are they written down?
- Where does the result go, and who has to be able to explain it later?
If the answers are "yes", "the product's" and "nowhere important", buy it. If not, talk to us.