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 now have additional options when determining qualifying income for their borrowers. Beyond the comprehensive analysis provided by IncomeXpert, users can now access results from Fannie Mae’s Income Calculator for selected income types. Additionally, clients will be eligible for representation and warranty relief from Fannie Mae when using Income Calculator.
“Obtaining rep and warrant relief directly from the GSE is a powerful option. Combining this with the rep and warrant relief from Blueprint on other incomes within the loan file offers our clients unparalleled coverage,” said David Stamm, Director of Technology at Blueprint Solutions.
Clients eager to leverage this new integration can upload tax returns to IncomeXpert PLUS. The platform automatically scans and extracts relevant data, feeding it into both IncomeXpert and Fannie Mae’s Income Calculator. IncomeXpertPLUS provides users with immediate feedback on warnings, errors, and underwriting advisories, ensuring the accuracy and sufficiency of the information submitted to both systems.
“We continue to look for ways to eliminate bottlenecks in the origination process and help address issues that may arise in downstream loan quality reviews,” said Mark Fisher, Vice President of Single-Family Credit Risk Solutions at Fannie Mae. “Our latest tool solves a lender pain point to accurately calculate income for self-employed borrowers and we’re excited to collaborate with technology service providers to make this tool widely available.”
With this release, Blueprint Solutions proudly becomes a technology service provider in the Fannie Mae ecosystem. We look forward to serving our clients with this exciting new technology from Fannie Mae. For more information, visit www.getblueprint.io.