What is SSO? SSO is an acronym that stands for single sign-on. Single sign-on allows user to one set of login credentials to access multiple applications. Much like a password manger which stores your login details and automatically logs you into a website, SSO can be used by companies to centralize the login, and user setup/provisioning to company tools. What type of SSO does Blueprint support? Blueprint can support SAML and OIDC What is SP
The number one email we get from our clients working with employed borrowers on IncomeXpert PLUS is “My borrower has overtime (or any other variable income) why didn’t IncomeXpert PLUS add in these income types?” The agencies state in the document requirements section for variable income to either get a VOE or “most recent pay stub and IRS W-2 covering most recent 2 years”. In 99% of the cases, getting paystubs and W-2s only will
IncomeXpert PLUS allows users to upload borrower tax returns and income documentation. IncomeXpert supports all agency income types, however IncomeXpert PLUS only supports the following subset. All uploaded documents must meet the the following document requirements. Documents containing unsupported income types will not result in income calculators being created or populated with data. Supported Income Types Supported VOE / VOI Vendors As there are multiple VOE and VOI vendors on the market, Blueprint strives to
User groups (aka cost center) can be set up by account administrators to facilitate more granular detail when downloading usage reports. Groups can be defined by the account administrator and allocated to a user. Users can only be a member of one group. Once a user is a member of a group, this information is recorded when that individual performs certain actions within IncomeXpert. Administrators can download a usage report and see all the loans
There are four steps on how to calculate income for self-employed borrowers. Borrowers who are self-employed have two distinct roles in the process of generating their personal income. Due to the dual nature of their daily roles of income generation and the higher risk, it can prove to be more challenging to determine their income than it would be for employed borrowers. The first role is of the employer, meaning they need to create a
Borrowers who have contributed to the US Government Social Security program may qualify for retirement, disability, or survivors benefits. The contributions for this program are collected by your employer’s payroll provider, or if the borrower is self-employed, it is collected via the 1040 tax forms along with other federal taxes. When a borrower is using social security retirement benefits the underwriter typically follows these steps: First, the underwriter confirms receipt of the retirement income to
The process of analysis of a borrower’s income for mortgages is one of the best documented processes in the lending world. Regardless of the investor or agency that is offering the loan, an overwhelming majority of them follow these four principles to determine how income is calculated for mortgages. Principle # 1: Income must reasonably continue for 36 months to qualify Since mortgages are long-term loans and generally offered between fifteen to thirty years, the investors want
In order to delete a user from your IncomeXpert account, you must have the correct role and permissions. Users must be in a role that has the Delete user permission. To delete a user, to go the ACCOUNT page and select EDIT USERS. After pressing EDIT USERS the screen will reconfigure to reveal options per-user on the account. Use the search box to find the username of the user you would like to delete. Click the
IncomeXpert and IncomeXpert PLUS provide detailed trending analysis of income to help users see the bigger picture of a borrower and comply with agency guidelines and your company’s policy for income trends. By default IncomeXpert is set to conservative thresholds. If your company has different thresholds, we can adjust the IncomeXpert defaults to your company thresholds. The adjustment of these values requires written notification by a company officer or senior manager. Clients may set thresholds
IncomeXpert reviews each loan for over 200 potential income advisories. These advisories will notify you of potential issues with the income, compliance to an agency guideline. They are visible on the Income page as the data is being entered, and are summarized on the Report page. Note: The advisories on a loan file will change based on the agency selected. The presence of an advisory does not mean the income can not be used, nor
