Case Studies
By utilizing a suite of solutions from Blueprint, our clients have achieved remarkable performance and efficiency improvements across their organizations.
Blueprint’s analytics provide measurable insights by tracking the cumulative editing time of loan files for all clients. This objective data empowers lenders to identify opportunities for operational improvements and make data-driven decisions to enhance their workflows.
On average, clients spend 20-30 minutes on total editing time for an IncomeXpert loan file. However, high-performing organizations have reduced this time to as low as 7 minutes. IncomeXpert PLUS users see even greater efficiency, with some achieving editing times under 3 minutes per loan file.
The following case studies showcase how Blueprint’s innovative products have drastically improved operational efficiency and transformed the way these organizations approach income analysis.
Case Study – Government Sponsored Enterprise
The nation’s largest Government-Sponsored Enterprise (GSE) has adopted IncomeXpert PLUS and the IncomeXpert API to achieve significant efficiencies within their auditing department. The GSE faced the challenge of managing a large backlog of loans to audit. By integrating IncomeXpert’s API and IncomeXpert PLUS, they have transformed their workflow and slashed their time spent on income analysis.
The GSE initiates the process by creating new loan files, adding borrowers, and uploading all relevant tax and income documentation using the IncomeXpert API. These files are fully processed days before they enter the underwriter’s daily task queue. This approach eliminates the manual effort traditionally required of underwriters, allowing them to focus solely on auditing and decision-making rather than data entry and calculations.
The results are remarkable: leveraging IncomeXpert’s tools, the GSE has reduced income analysis editing time to just one-third of the time needed by standard IncomeXpert users. This efficiency gains translate to an impressive savings of 600 labor hours per month. By adopting IncomeXpert PLUS and the API, the GSE not only accelerates their auditing processes but also optimizes resource allocation and achieves a measurable return on investment.
IncomeXpert is proud to partner with forward-thinking organizations, empowering them with tools that redefine productivity and set a new standard for operational excellence in the mortgage industry. Our solutions are designed to meet the needs of today’s most demanding auditing environments, delivering time savings, accuracy, and unparalleled efficiency.
Case Study – Large National Lender
A large national lender utilizes IncomeXpert and IncomeXpert API to increase the productivity of their teams. The objective was to increase efficiencies for underwriting and more deeply integrate IncomeXpert into their workflow and LOS.
The lender’s IT team leveraged the IncomeXpert API directly into their LOS to send information to setup new loan files and send final income analysis results back to the LOS.
Users are able to access IncomeXpert directly from the LOS and eliminate manual data entry. This saves time and reduces errors. This lender achieved a 50% reduction in labor hours as compared to normal IncomeXpert users as a result of this integration.
Case Study – Regional Bank
A prominent regional bank in the Southeast has harnessed the power of IncomeXpert and our seamless Encompass integration to revolutionize their workflow, achieving a remarkable 50% reduction in income analysis editing time. By leveraging this cutting-edge integration, the bank has not only streamlined operations but also significantly reduced labor costs and improved accuracy.
Before implementing the Encompass integration, underwriters at the bank relied on a dual-screen setup to manually create new loan files in IncomeXpert, painstakingly transferring data between systems. Recognizing the inefficiencies and potential for human error in this process, the bank adopted the IncomeXpert Encompass integration to automate these repetitive tasks and unlock the full potential of their existing data.
With this integration, creating a new loan file is as simple as the click of a button. Underwriters can now fully utilize both IncomeXpert and IncomeXpert PLUS directly within their Loan Origination System (LOS), eliminating the need for dual-screening. Once the income analysis is complete, the integration automatically updates the LOS with the revised income analysis values and stores a comprehensive PDF report in the e-folder, ensuring seamless documentation and compliance.
The impact has been transformative. The lender now enjoys a 28% reduction in time spent editing income compared to standard IncomeXpert users. On average, this translates to 350 labor hours saved per month. Additionally, the streamlined workflow minimizes the risk of human error associated with manual data transcription between systems, further enhancing efficiency and accuracy.
IncomeXpert is proud to partner with forward-thinking organizations to provide innovative solutions that drive measurable results. By automating key processes and integrating seamlessly with existing systems, IncomeXpert empowers lenders to focus on what matters most: delivering exceptional service to their clients.
Testimonial
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.
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