Faster Loan Approvals
Automated income review drives faster initial underwriting decisions
Reduced opportunity for human error means lower chance of repurchase
Increase Operational Efficiency
Automation of tasks results in more net output
The future of income verification
While trusted, direct source, income data from a GSE / Gateless partner should generally be considered the preferred origination path for lenders, the fact remains that in the real world 50% of income data used by underwriters today is sourced from borrower supplied documents.
So, here’s the good news….. Vericlear has you covered, regardless of which way you obtain borrower income data!
With Vericlear, you still have a faster path to clearing conditions and loan approvals, coupled with the benefit of potential rep and warranty relief through our partnership with Freddie Mac.
In some cases, particularly when considering today’s compressed operating margins, leveraging borrower supplied documents, and Vericlear, is actually a great alternative to using the services of much higher priced direct source data providers.Request Demo
VeriClear™ in Action
Automated income analysis made easy
Borrower provided income documentation
Automated review and calculation with potential rep and warranty relief