LoanLogics’ LoanBeam Tax Transcript Service Selected to Expand Rep and Warranty Relief Eligibility for Self-Employed Borrowers

More solutions to further streamline originations and support self-employed borrowers

Jacksonville, Fl. April 5, 2022 LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, announced that the company’s LoanBeam® Transcripts product provides Freddie Mac with IRS tax transcript data that can be compared to the borrower’s tax return(s) data through Loan Product Advisor® Asset and Income Modeler (AIM) for self-employed, providing rep and warranty relief related to the accuracy and integrity of the tax return data used to calculate borrower qualifying income.

"With LoanBeam, lenders can now receive greater income calculation and documentation confidence for self-employed borrowers, who represent a growing segment of the mortgage market,” said Roby Robertson, LoanLogics’ head product manager for its LoanBeam solutions. “This is fantastic news, as it expands the existing rep and warranty relief eligibility provided by LoanBeam Tax to include IRS-certified data validation."

LoanLogics also announced that LoanBeam is currently the only designated third-party service provider supporting AIM’s latest enhancement to accommodate tax extension filings (i.e., IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) for the 2021 tax year. The results of the AIM assessment will be displayed on the Loan Product Advisor Feedback Certificate, including income representation and warranty relief eligibility.

"A growing purchase market, rising rates and the gig economy are adding complexities to mortgages, especially when it comes to income calculations for non-QM loans,” said Dave Parker, chief product officer at LoanLogics. “LoanBeam helps assist underwriters in calculating self-employed and non-traditional income from any source, streamlining the loan origination process and reducing origination costs."

In March Freddie Mac announced two enhancements for automated income assessment with Loan Product Advisor using tax return data (tax transcript and tax extension) that will be effective April 15, 2022.

"We are working with our partners to innovate the mortgage process and increase value for our lender clients and their borrowers,” said Kevin Kauffman, Freddie Mac Single-Family vice president of client and partner delivery. “By improving self-employed income calculations and helping validate non-standard income, we’re leading the industry forward in its digital journey to modernize borrower capacity assessment."

Acquired by LoanLogics in December 2021, LoanBeam products enable mortgage lenders to get upfront borrower income validation from any income source and automate income calculation, cutting days out of the risk review process. Using patent-pending data pairing technology that leverages machine learning, LoanBeam interprets, sanitizes, categorizes, and converts unstructured data points from any document type into an organized set of information.

About LoanLogicsFounded in 2005, LoanLogics is a provider of mortgage audit software, income calculation and verification technology, and document processing automation. This data-driven digital technology improves the transparency and accuracy of the mortgage process and improves the quality of loans. The company’s capabilities and audit services help residential mortgage lenders, servicers, insurers and investors validate compliance, improve profitability and manage risk during the manufacture, sale and servicing of loan assets. LoanLogics leverages the latest methodologies in cloud computing and machine learning technology to deliver greater value for our clients. To learn more, visit

Media Contact Mike Murray
Strategic Vantage Marketing & Public Relations
(240) 498-0863

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