Penn Mutual is raising the automated underwriting limit from $2.5 million to $5 million for all new applications beginning March 1, 2019. Auto approved ACE cases have a 93 percent placement rate, a full 20 points higher than the placement rate for paper applications.
As a reminder, even cases for over $5 million can be submitted through ACE. Take advantage of the electronic process for signatures, delivery, and client payment.
Please visit the ACE Resource Center for the latest information, and look for more exciting news coming on April 1!