Patent ID: 7212995

Claim:
A loan underwriting method comprising: obtaining a lender's criteria for ordering valuation and title products, the criteria being related to the creditworthiness of a loan applicant, defining a policy table cross referencing said criteria for ordering valuation and title products to actual valuation and title products, the policy table additionally referencing underwriting criteria including property location, loan amount, borrower risk tier and transaction level borrower and loan data; storing said policy table in a memory device; operating a workflow system comprising: receiving orders for valuation and title products, each order including information about a borrower's transaction; processing each order by automatically selecting a valuation or title product through reading said policy table from the memory device and comparing said information about a borrower's transaction to said underwriting criteria; directly ordering the selected valuation or title product for processing; and delivering the processed valuation or title product to the lender.