An automated underwriting system is a data-driven computerized process of informing a loan applicant whether the application will be approved or denied.
The framework of how dependable this system is highly depends on the credibility of the information provided by the applicant.
Because the bulk of credit assessment work that a bank conducts on a borrower is often standard protocols, it is possible to streamline most of the work with robots in the form of computer programs, and leave qualitative criteria assessment to human judgment.