Underwriting

Question 1

Provide one way Underwriting fits into Apex’s company strategy

Answer 1

Underwriting provides quality service to our prospects and clients by handling legal documents, facilitating
the onboarding process and by answering prospect & clients’ questions

Others:
Quality Service - legal docs, onboarding, answering prospect and client questions
Focus on Profitable (risk/reward) business - research process, monitor alerts and reports
Employee Training & Dev - Intra and inter-departmental cross-training
Capitalize on new tech - Onboarding portal, addition of a Search Checklist vs manual search questions

Question 2

Why is it important to determine a company’s entity type?

Answer 2

It’s important from a risk/protection perspective. We generally want someone to have an LLC type vs Sole
Prop so that their business has protection from personal liabilities and in turn, Apex has better protection from those liabilities also

Question 3

Is the proposal a binding or non-binding document?

Answer 3

Non-Binding

Question 4

List 3 client maintenance tasks performed by Underwriting

Answer 4

1. Handle amendment documents
2. CFA requests
3. Funding setup requests
4. Buyouts vs Buyins
5. Alerts/Reports - CLEAR Person, ILien, Lien follow-up searches, Variable Rate and Prime Rate monitoring

Question 5

List two Underwriting roles (What are we?)

Answer 5

1. Researchers

2. Analysts