LoanBeam Wage combines advanced machine learning with layered optical character recognition (OCR) technologies to automatically extract and interpret the variety of income data contained in a borrower’s unstructured paystub and W2 income documents, with no human involvement.
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LoanLogics Launches LoanBeam Wage Income Calculation ToolNew product helps lenders reduce time and risks when qualifying borrowers using paystubs and W2s Jacksonville, Fl. | April 11, 2022
LoanLogics’ LoanBeam Tax Transcript Service Selected to Expand Rep and Warranty Relief Eligibility for Self-Employed BorrowersMore solutions to further streamline originations and support self-employed borrowers Jacksonville, Fl. | April 5, 2022
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.
LoanLogics Named to HousingWire’s 2022 Tech100 ListCompany recognized as one of the most innovative mortgage technology firms Jacksonville, Fla. | March 4, 2022
LoanLogics was selected based on its groundbreaking machine learning-based technology, LoanLogics IDEA (Intelligent Data Extraction and Automation) for MSR Transfer. By applying automated, repeatable processes, IDEA for MSR Transfer is helping MSR buyers eliminate bottlenecks and create more consistent, faster and more cost-effective transactions with sellers.
LoanLogics Names Lauren Pilon as Chief of StaffMortgage industry veteran will oversee human resources and legal functions Jacksonville, FL | January 10, 2022
Pilon will oversee human resources and legal functions and take part in several strategic programs in collaboration with LoanLogics’ executive leadership team and its parent company, Sun Capital Partners.