Exciting news from CoreLogic – their AutomatIQ Borrower Income Analysis solution is now fully integrated with Fannie Mae’s Income Calculator! This means that mortgage lenders can now easily calculate borrowers’ income according to Fannie Mae’s Selling Guide, automating and streamlining the income verification process while providing an improved customer experience.
Praveen Chandramohan, executive of origination solutions at CoreLogic, stated, “AutomatIQ Borrower Income Analysis has improved significantly through this collaboration with Fannie Mae. We are now able to provide lenders with a single solution for analyzing and calculating qualifying income for a loan across the borrower(s) complexity spectrum. This means we can automate the simple and simplify the complex in the mortgage origination workflow.”
Not only does AutomatIQ Borrower Income Analysis leverage CoreLogic technology, but it also generates easy-to-read reports that comply with investors’ and GSE requirements. This is a game-changer for mortgage lending!