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VIA saves on average 2 to 4 hours of underwriter’s time per loan. Users can simply upload income-related documents and get pre-filled income analysis files in VIA. That means underwriters are free from doing laborious manual tasks.
Several customers give access to Vaultedge Income Analyzer to their Loan Officers. This allows Loan Officers to determine right upfront whether a borrower will qualify for a mortgage or not and what the borrower needs to do to qualify. This leads to a much-improved user experience for borrowers and on average a 33% increase in the pull-through rate.
The risk of calculating incorrect and complicated income data from various sources manually reduces with VIA. The software extracts data from different documents like W2, 1099, paystubs, bank statements, and tax returns (1040, 1040 Sch C, 1065, 1120, the 1120S) automatically.
VIA makes it easier to understand document-heavy complex income data for different kinds of borrowers within seconds. Mortgage lenders using VIA don’t need to refuse a business opportunity because the calculations are complicated and time-consuming.
Vaultedge Income Analyzer is compliant with the GSEs. It follows all the required guidelines while assessing an income for W2 or self-employed borrowers. It leaves an audit trail behind, so in case of any discrepancy, the underwriter can easily locate the source of truth and make corrections without wasting time.
Vaultedge Income Analyzer integrates easily with leading LOS solutions like Encompass, BlackKnight, and others. It can also work independently without any integration. Once the document is retrieved from the LOS, VIA then starts analyzing beyond traditional pay slips and sends an alert to the LOS upon completion.
VIA costs just $10/loan for W2 and $20/loan for self-employed, with no hidden charges. There is no software to install or configure on your side, which means no other cost or effort on your side. You pay just for the number of loans you process, with no long-term lock-in.
CIO, BSI Financial Services
SVP, Record Services
Top Mortgage Servicer
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