IncomeXpert
IncomeXpert is software for your team, allowing them to calculate guideline compliant income everytime.
Who is IncomeXpert for?
IncomeXpert is best for processing and underwriting teams looking for consistency and accuracy in their income analysis. As well as teams with complex incomes, not suitable for spreadsheet calculators.
How does it work?
IncomeXpert provides a online income analysis worksheets with reps and warrants. IncomeXpert supports all income types for FNMA, FHLMC, FHA, VA, and USDA.
How we ensure error free income
Ensuring error free income requires focusing many aspects of the loan, including guidelines, advisories, tracking changes and deviations. Read on to see how IncomeXpert is able to achieve error-free income.
Guidelines
Perfect income starts with adherence to agency guidelines. IncomeXpert ingests the guidelines from FNMA, FHLMC, FHA, VA, and USDA to provide a comprehensive suite you can use to qualify more borrowers. Our team keeps up to date on guideline changes and rolls out timely updates so your team has one less thing to worry about.
Advisories
All those guidelines can be daunting, so we provide advisories where necessary to help your team navigate the guideline. In total, we have over 200 underwriting advisories. These advisories indicate when a borrower’s income won’t qualify and meet agency guidelines, but also when further risk analysis by an underwriter may required to qualify the income.
Multiple Calculations
IncomeXpert calculates all of the averages, trends, and supporting calculations to necessary comply with agency guidelines. Not just one calculation, many are performed to arrive at our final recommendation.
Underwriters have the ability to override the recommended value if needed. The ability to override the recommendation is managed by a permission in our role manager to only allow authorized individuals to make this change..
Identify deviations
We decorate income with an icon indicating when a user has deviated from the recommended income. This allows auditors and senior underwriters to quickly focus on that particular income to understand the underwriters justification for the deviation.
Roles and Permissions
Our role manager can control access and functionality between users. Functionality can be tailored across loan officers, processors, underwriting, IT, and administrative staff. Loan creation, user management, lock for underwriting, and recommended income deviation can all be controlled via role management.
Change Log
Who did what when? IncomeXpert has a complete change log history of every edit made to the loan file. This gives the utmost in visibility and transparency. Changes to add, remove, or edit borrowers, incomes, even down to the income field values are all tracked and time stamped for who made the change.
Full Reps and Warrants
Because Blueprint is so confident in our 10+ year track record and never having a repurchase demand, we can provide you full reps and warrants against calculation errors, and guideline errors.
As Seen In / As Used By
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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