When a submitted file or document undergoes a review process and does not meet initial acceptance criteria, it may be moved to a subsequent phase. This subsequent phase involves a more in-depth assessment by relevant experts or a specialized committee. For example, a loan request that falls outside standard risk parameters might be subjected to further scrutiny by the credit department.
This process offers several advantages, including mitigation of potential risks by allowing for a more thorough evaluation. It can provide an opportunity to identify exceptional circumstances or unique factors not immediately apparent. Historically, such practices have been implemented to ensure fairness and accuracy, particularly in high-stakes decision-making scenarios.
