LoanLogics recently announced significant enhancements to its LoanBeam income calculation technologies. The enhancements will enable lenders to efficiently process income documents related to wage earners in the same service they use to process self-employed borrowers, according to a press release.
By gaining access to all income calculations from within a single platform, LoanLogics clients can simplify and accelerate the income verification process for a wider number of borrower scenarios faster and more conveniently, according to the company.
“With today’s high rates and soaring loan production expenses, our latest enhancements to LoanBeam are a game-changer for lenders,” Roby Robertson, head of mortgage origination automation at LoanLogics, said in the release. “For our lenders, being able to process wage-earners and self-employed borrower income documents within the same integrations and in their preferred format makes it easy and cost effective to use LoanBeam Income for all paper-based income assessment.”
LoanBeam by LoanLogics simplifies income data into actionable insights and its automated income calculation and analysis services help lenders nationwide navigate the intricate landscape of loan manufacturing and buyer alignment.
“Our commitment to enhancing LoanBeam underscores our resolve to help lenders optimize their resources and produce higher quality loans at less cost,” LoanLogics CEO Dave Parker said. “We’re not just providing great tools, but helping our clients adapt to market needs and remain competitive, regardless of market conditions.”