I need LoanBeam^® income calculation & analysis technology.

Achieve income certainty while streamlining your risk review process.

LoanBeam^® Income

Spending too much time
calculating income?

Automate first.

Achieve rep and
warrant relief.

Lender and investor confidence in
self-employed income calculations requires an in depth, specialized risk review process.

With technology to take the guess work out of self-employed income calculations, GSE certification is possible.

Simplify risk
review.

Underwriters are one of your most valued resources. Don’t waste their time with simple data extraction and data entry tasks.

With automated income calculation technology that cuts out the "busy work," optimizing production resources is possible.

Standardize income
assessment.

Manual processes, inexperienced staff, and document complexity can all contribute to costly errors and operational inconsistencies in income calculation.

With rules-based automation, replacing file-level variability with business-level
decision-making is possible.

I need data-driven income calculation/analysis technology.

Tell me more

The LoanBeam brand journey to the top wasn’t overnight. Becoming the mortgage
industry’s “income source” has been the result of thousands of customer
conversations, programmatic iterations, and sleepless nights.

Our experience has earned the trust of GSEs and major investors who accept LoanBeam
Income calculations from their lender and broker networks.

Tailored and transcendent, LoanBeam Income’s automation is architected
to be easily integrated into your mortgage
manufacturing process.

Address income from any source with the LoanBeam Income.

LoanBeam^® Income technologies validate and calculate income from any source. They convert complicated tax returns, highly variable paystubs, and W2s into consumable data points for the automated computation and modification of income. These programmatic solutions, provide rep and warrant relief for self-employed income calculations while also helping to streamline the risk review processes. Users can achieve income certainty and customers report saving more than $400 per file in underwriting alone.

With LoanBeam Income, users can:

Focus on risk assessment
Achieve greater workflow efficiency
Deploy technology to work “around the clock”
Ensure compliance

It is the technology that underpins the mortgage approval process of the industry’s most recognizable brands, as well as meets the needs of originators of all sizes. Each day, thousands of borrowers achieve homeownership faster, easier, and without bias because of this programmatic income calculation technology.

LoanBeam is trusted with:

millION mortgage
applications

Billion Loan
Pages Processed

650+

Mortgage
Lenders

60%

tier-1 mortgage
Lenders

LoanBeam Tax

The self-employed borrower has long been the Achilles heel of underwriting. Manually culling through pages of complex tax documents for days at a time to ascertain a full picture of income and risk was once the norm. For many, it still is.

LoanBeam Tax changed all that more than a decade ago! This automated income calculation technology specializes in converting complex tax documents into GSE-certified self-employed income calculations and consumable data points all within minutes.

LoanBeam has taken the mystery out of analyzing tax returns and has established a standardized platform.

— John Holland, Envoy Mortgage

Automate income assessment and detect
data inconsistences

Unlike other industry solutions, LoanBeam Tax ensures the data used for self-employed income assessment is verified and validated across IRS tax documents using the solution's highly accurate data and doc processing capabilities.

From there, this automated income verification and calculation technology flattens complex tax files into a single-prepopulated income calculator ready for production staff to easily analyze. Rep and warrant relief is offered by both GSEs through this automated process.

Important in today’s job market, standardizing income assessment with automation also increases underwriter output and helps bridge the “experience gap” for new staff members. From training through execution, LoanBeam Tax reduces processing overhead and scales to meet market demand.

Perhaps most importantly, it facilitates a faster, more accurate turn times for borrowers eager to know whether they’ve been qualified.

Easily integrate into your process flow

LoanBeam Tax is integrated with most major LOS systems and offers RESTful APIs and webhooks, which makes for easy integration. If you’d like to explore how LoanBeam Tax can integrate into your process, register for one of our weekly demos.

LoanBeam Wage

Solving for the “paper problem” inherent in calculating wage earner income is our latest achievement in automated income verification and calculation.

Even with the advent of digital verification methods, underwriters continue to receive a very high percentage of paper-based income documentation with today’s mortgage loan applications.

Wage-earner APPLICATIONS DEPENDING
ON PAPER-BASED Assessment*

7 out of 10

*Lenders reported

Converting paper paystubs and W2s into digital data for automated income calculations has alluded lenders because traditional template-based OCR is unable to decipher the information contained in unstructured documents.

LoanBeam Wage offers a more efficient and
accurate way.

Within seconds, our patent-pending technology combines best in class, layered OCR technologies with an advanced machine learning system to automatically read those same unstructured documents - with ZERO human touch.

Using this secure SaaS, underwriting teams have a single summarized view of borrower income. To help with the risk review process, qualifying income is conveniently separated into fixed and variable income streams. Should staff need to review source documents, the system’s friendly UI offers the needed transparency. Any adjustments that need to be made to the income calculation can be addressed in real-time with an audit trail available of all changes.

A programmatic configuration allows you to consistently source and calculate income, improving overall compliance risk. Long gone are the days of training staff to pull data from documents and tabulate borrower income in spreadsheets that can become easily outdated. Instead, underwriting teams can work their pipeline of borrowers with qualified information from “the income source,” LoanBeam.

Designed to be used early in the origination process flow, LoanBeam Wage was built on a robust web platform focused on integration. With little ramp up time it’s easy to get started. Join a weekly demo of LoanBeam Wage today.

Join a Live Demo

Achieve income certainty

LoanBeam® Income Made Easy.

Spending too much time calculating income?

Tailored and transcendent, LoanBeam Income’s automation is architected to be easily integrated into your mortgage manufacturing process.

LoanBeam^® Income Made Easy.

Spending too much time
calculating income?

Tailored and transcendent, LoanBeam Income’s automation is architected
to be easily integrated into your mortgage
manufacturing process.