Gateless Integrates with Fannie Mae’s Income Calculator to Enhance Self-Employment Income Analysis
CHICAGO, May 14, 2025 (GLOBE NEWSWIRE)—Gateless, a leading innovator in mortgage automation technology, today announced its integration with Fannie Mae’s Income Calculator. This strategic collaboration enables mortgage lenders to quickly and accurately calculate income from self-employment, business ownership, or rental properties, with the speed and certainty offered by Fannie Mae.
Lenders will benefit from increased opportunities tied to the real-time calculation of qualified income, like operational efficiency, accelerated borrower experience, and lender certainty. These calculations are eligible for rep and warrant relief from Fannie Mae, enabling lenders to originate loans with greater confidence and minimized risk exposure.
Gateless customers can now take advantage of a strategic integration with Fannie Mae through our flagship automated underwriting solution, Smart Underwrite®, and our income verification solution, VeriClear™. Leveraging Gateless’ advanced optical character recognition (OCR) technology, robust direct-source integrations, and powerful underwriting rules engine, lenders can automate complex income calculations and underwrite loans with greater accuracy — streamlining workflows, enhancing data integrity, and reducing the risk of defects.
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