IncomeXpert
Reduce turn times, cost perloan, and underwriting errors
Fast, compliant, fully-documented income analysis for the mortgage industry
A complete income analysis system
IncomeXpert
IncomeXpert is a turnkey income analysis solution for loan underwriters at brokerages, credit unions, community banks, and in mortgage lending departments.
Our software automatically and simply walks underwriters through the steps required to determine a prospective borrower's income.
With IncomeXpert, underwriters are armed with calculators for every income type supported by agencies and a rules engine to ensure compliance with necessary regulations. The end result is that they can confidently provide the best recommended income to borrowers.
IncomeXpert PLUS
IncomeXpert PLUS unlocks additional convenience and cost reduction by using artificial intelligence for automated income analysis to do the tedious and manual income analysis for underwriting teams.
This solutions allows underwriters to upload tax returns, paystubs, and VOEs.
It scans the uploaded documents and determines the recommended income automatically. This allows underwriting teams to offload complicated loans for processing, reducing turn times and costs.
A complete income system to cut down turn times
Our customers report that their underwriters can go from 1-2 loans per day to completing 3-5 loans per day after adopting IncomeXpert
IncomeXpert streamlines and automates the income calculation process, enabling you and your team to offer more loans in a shorter period of time. Our customers tell us that they no longer lose productivity by pining over income details or arguing over customer income with their sales teams.
Our customers have trusted our detailed analysis and loan advisories for over a decade. We have processed over 3 million loans, enabling loan teams to focus on generating business, not completing paperwork.
Lead with consistent calculations and remove human error
With IncomeXpert, our customers remove human error from the calculation process. Properly calculating income is challenging, even for the most experienced underwriter.
It’s inevitable that a guideline is accidentally forgotten, or a mathematical error is made. With IncomeXpert, teams can ensure compliant, consistent, and accurate income analysis.
IncomeXpert performs trend analysis and provides clear guideline advisories and recommendations to your underwriters. This allows teams to be confident that income is compliant and error free.
Automate the analysis; Focus on niche loans
IncomeXpert PLUS enables automated income analysis in your workflows. Spending time manually entering in data from borrower’s documents is costly and prone to error. By uploading documents at the moment they are available allows IncomeXpert PLUS determine the income and prepare a report for your underwriter.
IncomeXpert PLUS also flags missing documents and additional income advisories to ensure you determine the most income for your borrowers, and stay guideline compliant.
Want to go further? Ask about how an API integration can help you automate even more.
Key Outcomes
Trending Analysis For Compliance
IncomeXpert calculates over 20 income trending factors for employed income and four trending factors for self-employed income. This allows underwriters to instantly spot declining, variable, and missing income. This ensures agency compliance.
Advisories To Stay Ahead of Guidelines
IncomeXpert includes over 200 income and agency advisories that alert underwriters if additional guidelines apply. With IncomeXpert, underwriters stay up to date with the latest industry guidelines to ensure calculated income is correct and guideline compliant.
Advisories To Stay Ahead of Guidelines and Compliance
IncomeXpert includes over 200 income and agency advisories that alert underwriters if additional guidelines apply. With IncomeXpert, underwriters stay up to date with the latest industry guidelines to ensure calculated income is correct and guideline compliant.
Reps & Warrants
We stand behind our calculations with Reps and Warrants on the calculated income. If our calculations are erroneous or non-compliant, we will make it right. Click to learn more.
Clear Reporting
IncomeXpert ensures clear reporting by removing underwriting teams’ use of manual spreadsheets and forms. IncomeXpert provides underwriters with multiple levels of reporting details, including trending analysis, income advisories, and summary totals.
Clear Reporting
IncomeXpert ensures clear reporting by removing underwriting teams’ use of manual spreadsheets and forms. IncomeXpert provides underwriters with multiple levels of reporting details including trending analysis, income advisories, and summary totals.