IncomeXpert for HELOC lenders
IncomeXpert automates and guides income analysis for home equity lines of credit – so your team can approve a line with confidence.
Agencies covered
0
Underwriting advisories
0
+
Extra cost for reps & warrants
$
0
Years, zero repurchase demands
0
For Loan Officers & Brokers
A fast, automated, defensible qualifying income so you can quote a line amount with confidence — without waiting on underwriting to catch a problem later.
For Underwriting
Full authority to adjust and override, backed up by guideline advisories and an audit trail that protects the file, whether it’s a stand-alone HELOC or paired with a first lien.
How IncomeXpert Works For Mortgage
Upload
Tax returns, pay stubs, bank statements, W2. IncomeXpert reads each document individually, finds the information needed and creates income worksheets based on your borrower's data.
Calculate
The IncomeXpert is three income analysis engines in one. IncomeXpert calculates qualifying income, but you can also get the FNMA Income Calculator and FHLMC AIM Check qualifying values as well. You get the power of three income analysis engines at your fingertips.
Advise
With over 200 underwriting advisories covering eligibility, stability, and income opportunities, IncomeXpert remembers all of the guidelines your team may forget.
Adjust
Some risk is acceptable, and IncomeXpert knows that. We give you the ability to deviate from our recommendation, and select a higher qualifying income. Your underwriting team doesn't lose control to take acceptable risk, where appropriate.
Finalize
Output a worksheet showing all the sources, calculations, advisories, and underwriting adjustments. Version controlled, and backed by a full field-level change log for audit purposes.
What You Get
Confidence
Agency guidelines are completely covered giving you confidence a guideline will never get missed or misinterpreted. No more relying on human memory, or a binder of procedures for your team. Full reps and warrants included at no additional cost.
One Qualifying Income
No matter who is working the file you get the same qualifying income. Same inputs get you the same output. No more variation between team members. A new processor and a 20-year underwriting veteran land on the same qualifying income.
Speed at Scale
HELOC borrowers expect a fast answer. IncomeXpert can turn a stack of tax returns and pay stubs into a completed income analysis in minutes, not hours — so your team can keep pace with the borrower experience your competitors are promising.
Visibility
A complete audit trail for each field on the loan file is standard. Know what changed and when, so you never have to guess how something got changed, or who changed it. Each income analysis PDF report is versioned and time-stamped so you can track the latest analysis data.
Every Guideline. Every Purpose.
- Portfolio
- Investor
- Home Improvement
- Debt Consolidation
- Cash Out
Trusted by HELOC Lenders on Thousands of Loans a Month
I like that it is very user-friendly, especially with the aspect of changing calculation methods accordingly, per loan product type. It is nearly impossible to do an incorrect income calc with this software!
It’s a great product, and provides so much relief in underwriting.
User Friendly, And graphical representation make simple to understand.
I love that it consistently updates to the changes in rules and regulations for representatives. I love that I know that my income calculations will be the same no matter who on our team calculates it. That consistency is vital to fair lending, compliance and overall a strong loan portfolio!
It is very easy to calculate the income on Blueprint and the beautiful thing is you will get a detailed report generated which you and further review.
Everything about the software is awesome! Ever since I became a user back in 2016, my income calculations have gotten better, and my understanding of income has improved. I would recommend this program to any mortgage company, loan officer, or loan processor.
Frequently Asked Questions
IncomeXpert is built with controls in place so the entire team can use it. Sales and operations.
Yes. IncomeXpert calculates qualifying income the same way whether the HELOC stands alone or is paired with a first mortgage, so your team isn’t managing two different processes.
Yes. IncomeXpert’s rep and warrant relief applies to our recommended income regardless of whether the HELOC is sold to an agency or held on your books. The extra relief from FNMA Income Calculator or FHLMC AIM Check only applies where those tools are used — it’s never a requirement to get IncomeXpert’s own coverage.
Yes. IncomeXpert calculates the borrower’s qualifying income independent of who holds the first lien, so a stand-alone HELOC gets the same income analysis as a piggyback or combo loan.
No. If your team already uses IncomeXpert for mortgage income analysis, there’s nothing new to learn — the same worksheets, advisories, and workflow apply to HELOC files.
When IncomeXpert says automated, this is where you the lender are uploading income documents to us for scanning. A guided review is where your team follows our web view to enter the income data for IncomeXpert to analyze. IncomeXpert guides the user as to what data to enter and any advisories that might arise.
IncomeXpert is software for lenders to equip their teams with the confidence and automation to calculate income for any scenario with confidence.