What Is a Pre-Underwrite Summary?
A pre-underwrite summary refers to an automated or compiled digest of key data points from an applicant’s submission.
In MCA and small business lending, it typically includes metrics like average daily balance, overdraft frequency, NSFs, external debt indicators, and document completeness checks.
This summary usually appears after scrubbing is complete and before the deal enters underwriting. Operators use it to streamline workflows by reducing the manual prep time underwriters spend gathering information.
How Does a Pre-Underwrite Summary Work?
Pre-underwrite summaries condense raw intake data into a reviewer-friendly format.
- Data aggregation: Information is pulled from submitted documents such as bank statements, IDs, and application forms.
- Metric calculation: Key figures like ADB, negative days, and repayment burdens are calculated.
- Risk signals: Flags such as fraud indicators, tampering checks, or identity mismatches are noted.
- Compiled output: A digest is generated that gives underwriters a one-page view of the applicant.
In Heron, pre-underwrite summaries are compiled automatically as part of the scrubbing workflow.
- Automated parsing: Documents and emails are ingested, and structured data is extracted.
- Metric surfacing: Heron calculates balances, flags anomalies, and categorizes obligations.
- Structured outputs: Results are written into CRM fields and assembled into a concise summary.
- Next action: Underwriters review the pre-underwrite summary instead of raw documents, saving time and effort.
This makes underwriting faster and more consistent while reducing repetitive work.
Why Is a Pre-Underwrite Summary Important?
For brokers and funders, pre-underwrite summaries are important because they save time and improve accuracy. Instead of digging through PDFs, underwriters receive a ready-to-use snapshot that highlights both strengths and risks.
Heron makes this especially valuable by automating the creation of summaries for every deal. This reduces turnaround time, standardizes prep across teams, and allows funders to focus on decision-making instead of document sorting.
Common Use Cases
Pre-underwrite summaries are widely used in underwriting and pipeline management.
- Giving underwriters a one-page snapshot of applicant financials.
- Highlighting key risk signals like overdrafts, stacking, or identity mismatches.
- Providing readiness context alongside the “underwriting ready” status.
- Writing summaries directly into CRM records for consistency.
- Reducing time spent on manual packet prep before decisioning.
FAQs About Pre-Underwrite Summary
How does Heron generate pre-underwrite summaries?
Heron scrubs documents, calculates key metrics, and assembles results into structured CRM outputs that serve as summaries. These are produced automatically without manual prep.
Why are pre-underwrite summaries valuable for MCA brokers and funders?
They eliminate hours of manual packet review. Underwriters see the most important data immediately, which speeds up funding decisions and reduces errors.
What outputs should teams expect from pre-underwrite summaries?
Teams receive structured CRM fields and a digest view that includes balances, transaction metrics, debt indicators, and risk flags, all tied to the applicant’s record.