Gateless for Underwriters – Truly Trustworthy
A conversation with
Ashley Kaleimamahu
Chief Credit Officer
Mike Brown
Chief Revenue Officer
Partnering with Gateless describes Ashley Kaleimamahu trust in the ability of Smart Underwrite® from Gateless to deliver fully reconciled credit report liabilities… and more!
The video highlights the benefits of using a Gateless file for underwriting and processing. Ashley, an underwriter, expresses that her favorite aspect of using a Gateless file is not having to reconcile all liabilities on a credit report, which saves a significant amount of time and effort [00:05].
Key benefits discussed in the video include:
Time-Saving for Underwriters: The system automatically reconciles bank balances, account numbers, and large deposits [01:07]. This allows underwriters to focus solely on identifying undisclosed liabilities, making the review process much faster [01:35].
Reduced Redundancy: In a normal transaction, both processors and underwriters are responsible for reconciling liabilities and bank statements [00:48]. The Gateless file streamlines this by handling the reconciliation, so underwriters do not have to duplicate the work already performed by processors [00:52].
Efficiency: The process is much faster because underwriters only need to look for undisclosed liabilities instead of manually scanning bank statements for balances, changes in balances, and large deposits [01:21].
