Income Analysis

Automate income validation within AutomatIQ®

Overview

Worry free income validation

Physical piles of income verification forms and questions about self-employment income calculations are a thing of the past. With AutomatIQ Borrower Income Analysis, mortgage loan officers and underwriters can automate income validation within a single workflow for an accelerated loan qualification process.

In fact, results are so fast and so accurate that lenders can now focus their time on expeditiously qualifying more borrowers and fielding exceptional applications.

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Consistent, accurate results every time

Focus on analyzing applications instead of tallying up income sources. Our solution keeps up-to-date records of income documents and delivers consistent results regardless of who generates the report.

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Minimize repurchase risk, maximize RoI

Avoid loan repurchases and increase the number of borrowers you can qualify, even self-employed. Our solution delivers instant insight into income add-back opportunities to unlock better pricing and reduce debt-to-income ratios.

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Instant GSE rep and warrant response

Upfront GSE rep and warrant decisions allow underwriters, processors and loan officers to compare income data, meet investor needs and generate reports with verified income sources and custom calculations. Records are securely stored in cloud-based LOS files.

checklist_rtl

Consistent, accurate results every time

Focus on analyzing applications instead of tallying up income sources. Our solution keeps up-to-date records of income documents and delivers consistent results regardless of who generates the report.

trending_up

Minimize repurchase risk, maximize RoI

Avoid loan repurchases and increase the number of borrowers you can qualify, even self-employed. Our solution delivers instant insight into income add-back opportunities to unlock better pricing and reduce debt-to-income ratios.

sync

Instant GSE rep and warrant response

Upfront GSE rep and warrant decisions allow underwriters, processors and loan officers to compare income data, meet investor needs and generate reports with verified income sources and custom calculations. Records are securely stored in cloud-based LOS files.

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Report customization and collaboration

Choose report fields and order them however you need. Multiple users can work simultaneously on the same file, so teams can collaborate in real-time. Our income data continuously updates to deliver accurate data, every time.

Features

Automate income analysis. Simplify the complex mortgage workflow.

Need to calculate multiple income sources or self-employed income? That’s easy. With a streamlined interface and productivity gains of up to 100%, our all-in-one solution helps quickly qualify borrowers and reduces the risk of loan repurchases.

A circular diagram is showcasing all the solutions of Automatiq Borrower.

Get instant access to up-to-date data

Access Income Analysis instantly via ICE Encompass, the AutomatIQ Borrower Portal (Web UI) or directly integrated into any proprietary LOS or software workflow using the solution API for current data anytime of the day or night.

Secure records for a smooth workflow

Our easy-access, secure interface (SSO-enabled) stores borrower income calculations, mortgage applications, and qualification files in one searchable location. An audit trail is maintained for compliance with GSE, FHA, and ATR rules.

Leverage a GSE-approved solution

Mortgage loan origination is a lengthy process, don’t wait to know if a loan application meets GSE standards. With Income Analysis, the legwork is already done.It's pre-certified for Fannie Mae and Freddie Mac Rep and Warrant programs from day 1.

Step-by-step instruction to reduce human error

Although many individuals need to review an income calculation report, not everyone needs to see the same thing. Our solution makes workflow adjustments to provide loan officers and underwrites with a guided experience that simplifies the complex income verification step of the mortgage workflow.

A circular diagram is showcasing all the solutions of Automatiq Borrower.

Get instant access to up-to-date data

Access Income Analysis instantly via ICE Encompass, the AutomatIQ Borrower Portal (Web UI) or directly integrated into any proprietary LOS or software workflow using the solution API for current data anytime of the day or night.

Secure records for a smooth workflow

Our easy-access, secure interface (SSO-enabled) stores borrower income calculations, mortgage applications, and qualification files in one searchable location. An audit trail is maintained for compliance with GSE, FHA, and ATR rules.

Leverage a GSE-approved solution

Mortgage loan origination is a lengthy process, don’t wait to know if a loan application meets GSE standards. With Income Analysis, the legwork is already done.It's pre-certified for Fannie Mae and Freddie Mac Rep and Warrant programs from day 1.

Step-by-step instruction to reduce human error

Although many individuals need to review an income calculation report, not everyone needs to see the same thing. Our solution makes workflow adjustments to provide loan officers and underwrites with a guided experience that simplifies the complex income verification step of the mortgage workflow.

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