LoanLogics, a provider of technology for mortgage manufacturing and loan acquisition, announced significant enhancements to its LoanBeam income calculation technologies.
The enhancements will enable lenders to efficiently process income documents related to wage earners in the same service they use to process self-employed borrowers.
By gaining access to all income calculations from within a single platform, LoanLogics clients can simplify and accelerate the income verification process for a wider number of borrower scenarios faster and more conveniently than ever, the company said.
“With today’s high rates and soaring loan production expenses, our latest enhancements to LoanBeam are a game-changer for lenders,” Roby Robertson, head of mortgage origination automation at LoanLogics, said in a release. “For our lenders, being able to process wage-earners and self-employed borrower income documents within the same integrations and in their preferred format makes it easy and cost effective to use LoanBeam Income for all paper-based income assessment.”
“Our commitment to enhancing LoanBeam underscores our resolve to help lenders optimize their resources and produce higher quality loans at less cost,” Dave Parker, CEO of LoanLogics, said. “We're not just providing great tools, but helping our clients adapt to market needs and remain competitive, regardless of market conditions.”