QM or non-QM, today’s consumer affordability analysis needs to be a documented science instead of an art varying by the person performing it. Standardized, documented analysis rules, process and results are key to proving your unbiased due diligence on each borrower’s ability to repay now, continuance probability and to protect your bottom line.
With GuardianDocs™ new FACTCheck product you receive a proprietary rules engine analysis on all income sources in a detailed, interactive report that contains both calculated qualifying income and messages of explanation and instruction.
The report can be obtained as part of your IRS transcript order from select Income Verification Express Service (IVES) providers.
Lenders can upload tax transcripts to FACTCheck Tax Transcript Analysis in either HTML or a variety of PDF formats, so there is no need to manually input information.
Underwriters can focus their time on “gray areas” and more difficult situations. Document collection can be done by processors and assistants.