Underwriting
- Thread starter DC2188
- Start date
Pretty normal in my experience.
It's normal.
- 397
Anything different would be abnormal.
- 4,132
Actually, that seems fast. It's going to depend on several factors like age of the applicant, health of the applicant and so on.
The norm for my applicants is two to three months. An APS on average eats 30 days up. The paramed can eat up weeks. If your underwriting is turning around your apps in 4- 5 weeks, you're golden. I have one that just finished underwriting Friday, we have a week left until we have to take a new app and we've had an age change as well. I would kill for 4-5 weeks.
The norm for my applicants is two to three months. An APS on average eats 30 days up. The paramed can eat up weeks. If your underwriting is turning around your apps in 4- 5 weeks, you're golden. I have one that just finished underwriting Friday, we have a week left until we have to take a new app and we've had an age change as well. I would kill for 4-5 weeks.
- Thread starter
- #6
Wow 2 or 3 months! I definitely wouldn't have the patience to wait that long. I'm going to start focusing on FE as my primary market from here on out because I heard those policy's issue much quicker than 4-5 weeks.
- 1,926
I'
Just because it is quicker and you get paid faster, what if it isn't the best thing for the client?
Just because it is quicker and you get paid faster, what if it isn't the best thing for the client?
- 4,132
The other thing to keep in mind is "'easy on... easy off". You work with a client that goes through that long underwriting process and they tend to stick around. Maybe cause they don't want to do it again. Maybe because they understand the best price comes with the most questions.
Time in underwriting won't become as much of an issue you continually put apps in underwriting. If you're feed the beast (underwriting) on a regular basis, it won't seem that bad they come off. The secret to not caring is continually placing apps in underwriting.
Time in underwriting won't become as much of an issue you continually put apps in underwriting. If you're feed the beast (underwriting) on a regular basis, it won't seem that bad they come off. The secret to not caring is continually placing apps in underwriting.
- 25,900
Second Gilmore and Blue. If you keep your pipeline full you always have something coming out. Also if you are going to put all your table 2 or betters in SI you are screwing some of them.
That and you need to market different people.
Another forum member and I have a case that has been in underwriting probably 4-5 months. So if you have that in weeks. Be happy. Unless you spent that 5 weeks waiting for that case to issue.
That and you need to market different people.
Another forum member and I have a case that has been in underwriting probably 4-5 months. So if you have that in weeks. Be happy. Unless you spent that 5 weeks waiting for that case to issue.
- 1,926
Just paid a case that had been in uw since Decmber
