IncomeXpert PLUS is a income analysis software provided by Blueprint Solutions. Users of the software acknowledge and agree to the following terms and conditions. Orders Users must place orders exclusively through the Blueprint order portal or API. Orders or amendments to existing orders can not be made through email, phone or support request. Once an order is placed it can not be stopped or edited. The user is responsible for ensuring the scope of the
Yes, tip income can be used as part of your qualification, provided that these tips are properly reported. It’s important to note that any income NOT documented by a third party, such as paychecks, Verification of Employment (VOE) forms, or tax returns, cannot be utilized to qualify. For all major agencies and program types, it is mandatory to substantiate tip income directly from the employer by using the borrower’s pay stubs and W-2 forms, VOE
A common issue in mortgage operations teams is a habit I call “Guideline Lumping.” This is when we don’t slow down and read the detailed statements in the guidelines. A fast reading has us applying these rules across the board, when they might not be applicable. Because pensions are listed under guidelines in the “Retirement, Government Annuity, and Pension Income” area of FNMA( B3-3.1-09), the rule about confirming the three years continuance can incorrectly be
Notice Date: Oct 9, 2023 We have made the difficult decision to discontinue our Pay-As-You-Go Premium tier, effective December 31, 2023. To continue using IncomeXpert beyond December 31, 2023, we users will need to reach out to customer support to opt into a new tier of service. If no action is taken, your account will be suspended starting January 1, 2024. After 60 days of suspension, the account will be permanently closed. As you are
Notice Date: Oct 6, 2023 Effective December 1, 2023 IncomeXpert will retire the Debt page. IncomeXpert remains committed to our primary goal of providing the most comprehensive income analysis solution for the mortgage industry. We considered the low utilization of the debt functionality and made the decision to remove the Debt functionality and focus purely on income and income analysis. On December 1, 2023 users will no longer be able to create new debts and
When the Blueprint API is used a single API key is used to authenticate the API caller. This approach is convenient for organizations to manage a singular API key, but organizations lose the ability to track which user made a request across the API. Starting with V2 R14 of the API change tracking of critical API endpoints is available. Prior to V2 R14 a default value of “API User” was used to indicate who made
On each income the Save / Calculate button is located inside the Income Analysis section. See image below for one example. When users should click the Save/Calculate Button When finished entering income data and you are ready to analyze income When different income analysis radio button has been selected As a best practice, when navigating away from the current income for any reason Keep in mind IncomXpert WILL NOT save automatically when you leave
Effective July 1, 2023 IncomeXpert implemented controls to eliminate concurrent or simultaneous access of a loan by multiple users. When does a loan lock or unlock? Locking or unlocking of the loan is done automatically without additional intervention. Successfully opening a loan will lock the loan and prevent others from accessing it. Intentionally exiting the loan by returning to the Loan page will unlock the loan. Closing the browser does NOT unlock the loan. If
IncomeXpert supports the grossing up of income outlined in the guidelines. The amount the income can be grossed up depends on the agency guidelines selected. The reason for this adjustment of income is that mortgage qualification is based on gross income, not net income. Since the ratios used in the mortgage industry (commonly 28/36 for manual underwriting or up to 45% for AUS approved loans) include the consideration of payment of taxes we need to
Overview We have strict standards of security to safeguard your data and that of your borrowers. We have physical, electronic, and procedural safeguards in place to control and safeguard sensitive information. We feel security starts by keeping employee access limited. Thus we follow a least-privledge model for employees as well as client access to data. This means Blueprint employees as well as users only have access to the data they require to execute their jobs.
