AutomatIQ Borrower ROI Study

Tangible ROI in your borrower verification workflow

AutomatIQ Borrower delivers powerful benefits across your entire lending operation. Based on a recent independent study involving 194 respondents across 115 lenders conducted by MarketWise Advisors, LLC.

Slashing manual work and costs

Using AutomatIQ Borrower helped lenders convert labor-intensive tasks into automated processes. Lenders saved an average of 7.7 hours of manual work per loan file, translating to approximately $323 in labor cost savings and freeing teams to focus on higher-value activities.

Improving accuracy and reducing errors

AutomatIQ Borrower helped reduce errors in income calculations, document reviews, and data transcription. Lenders saw a 40%+ reduction in errors, a 45% drop in investor conditions, and 40% fewer buybacks. Nearly 94% of surveyed lenders agreed that AutomatIQ Borrower improved their overall loan quality and consistency – leading to cleaner files, smoother sales to investors, and a stronger reputation.¹

Closing loans faster

On average, lenders trimmed 3.5 days off their loan cycle, which also reduced interest carry on warehouse lines and hedge costs by about $60 per loan. Significantly, 89% of users said AutomatIQ Borrower helped shorten their time-to-close, which boosts borrower satisfaction.²

Increasing operational leverage

‍The survey showed capacity gains of around 40% or more in loan volume per employee. Achieving Transformative ROI: By enhancing automation, loan quality, and speed, lenders saw an average of $407 of value per loan file.

Unlocking quantifiable value: the proven ROI of AutomatIQ Borrower

AutomatIQ Borrower delivers integrated verification and qualification modules that work together seamlessly. Use the full suite or individual components as needed. Each module addresses a specific borrower data check, but their real power is in how they orchestrate into a single workflow, bringing all data into a single unified view for your underwriters.

Here are the five core components of AutomatIQ Borrower:

Verification of Employment and Income (VOE/I)

Instantly verify a borrower’s employment and income directly with employers or payroll providers. This automation can save approximately 2 hours of labor, reducing the average loan cycle by nearly 0.7 days.

Income Analysis

Automatically analyze income documents and calculate qualifying income according to agency guidelines (Fannie Mae®/Freddie Mac®). This can save nearly 3 hours of underwriter time per file and improve accuracy, reducing the loan cycle by about 0.6 days on average.

Tax Transcripts (4506-C/8821)

Automate the retrieval and formatting of IRS transcripts, turning a weeks-long process into one that takes just hours – or even minutes. This can save approximately 40 minutes of processing time while also reducing the cycle time by roughly 0.6 days.

Verification of Assets (VOA)

Swift and secure verification of the borrower’s bank statements and asset information. This can save about 1.5–1.7 hours of manual review time, while speeding up the process by almost 0.9 days.  

SSN Verification (SSA-89)

Instantly verify a borrower’s SSN with the Social Security Administration. This is a critical fraud prevention step that can save about 30 minutes.

The bottom line

To summarize, the MarketWise study demonstrates that the full AutomatIQ Borrower suite can deliver powerful results and meaningful ROI:

home

$323

in automation savings

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$60

in faster closing savings

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$24

in error reduction savings

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~$407

total value delivered

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