AI Mortgage Lending: Impact, Insights & Future Trends
Artificial intelligence (AI) is dramatically changing how we do our daily work, but what is the right use for mortgage lending? AI and Machine Learning (ML) are powerful tools, but caution is advised in incorrectly applying these tools in certain domains. By reshaping how institutions approach underwriting, risk management, and decision-making, AI holds the promise […]
Manual Underwriting: Key Guidelines and Best Practices
Manual underwriting remains a key part of the mortgage approval process when borrowers fall outside the parameters of automated underwriting systems (AUS)—such as those with non-traditional income, limited credit history, or recent financial hardship. While manual reviews allow for a more personalized and flexible assessment, they can also be time-consuming and error-prone without the right […]
What is Fannie Mae CU? Understanding Collateral Underwriter
As mortgage lending practices continue to change, the need for accurate property valuations has never been more important. To reduce risk and maintain sound lending standards, lenders must ensure that the appraisals they receive are reliable and follow industry standards. As a key part of this process, Fannie Mae’s Collateral Underwriter (CU) provides automated risk […]
What Are Reps and Warranties? Definition, Benefits & Insights
Business agreements can cover a wide range of transactions—from real estate deals to corporate mergers. In every case, the parties involved seek assurances that the information they rely on is accurate and reliable. This is where representations and warranties come into play. These legal statements form the foundation of trust in a contract by confirming […]
FHA Income Updates
FHA Income Updates – April 2025 Some changes are coming to FHA income analysis! Starting April 10, 2025, new changes outlined in the FHA 4000.1 handbook will impact how rental income and business cash flow are calculated. Here is a summary of the changes we review in this months blog Rental Income Adjustments – More alignment […]
Reprocessing Documents in IncomeXpert PLUS
Documents uploaded for review and extraction with IncomeXpert PLUS are processed based on the tax years and agency selected. The system will extract the numbers from the correct places on the documents and enter those numbers into the software, giving you your final income calculations. This is what we call “processing of documents”. Reprocessing will […]
How to determine variable income from a paystub
How to determine variable pay from a paystub When reviewing a borrower’s paystubs, you’ll quickly notice that payroll providers often use different formats and terminology, making it challenging to accurately determine employment income. For example, something as simple as overtime might be labeled in a variety of ways, such as Overtime, OT, Double Time, Weekend […]
Fannie Mae Income Calculator Webinar
In this webinar Michal and Christopher introduce you to the Fannie Mae Income Calculator and its integration into IncomeXpert. This webinar covers: Overview of Fannie Mae Income Calculator Using Income Calculator via the web Using Income Calculator through IncomeXpert Overview of Reps and Warrants – IncomeXpert & Income Calculator How to get started with Income […]
PR – Fannie Mae Income Calculator Release
Detroit, July 22, 2024 – Blueprint Solutions, the creators of the innovative mortgage income analysis software IncomeXpert and IncomeXpert PLUS, is thrilled to announce a new integration with Fannie Mae’s Income Calculator. This integration allows lenders to directly access Fannie Mae’s Income Calculator from within the Blueprint platform. Clients using IncomeXpert or IncomeXpert PLUS will […]
How to add PITI to IncomeXpert PLUS
On your email notification that your IncomeXpert PLUS loan is completed, you will see a notice that says: You must enter PITI if Real Estate Owned was submitted When you submit a Schedule E with the rental property information, it is lacking the mortgage payment information, i.e. the Principal, Interest, Taxes and Insurance, or PITI […]