TRUE’s CEO, Steve Butler, and CEO of Candor Technology, Ryan Edmonds, sat down for a live discussion with the Mortgage Bankers Association about our new joint income analysis solution.
Income analysis is a critical but time-consuming, error-prone aspect of the mortgage manufacturing process. With increasingly complex borrower profiles (self-employed, gig workers, etc.) and sensitive qualification criteria due to elevated rates and home prices, this process is only becoming more complex and high-risk. To address this challenge, TRUE and Candor developed Instant Income Clarity, designed to dramatically improve speed, accuracy, and trust in income calculation and validation. This scalable solution provides fully automated income analysis in minutes, with little to no human review required.
Key Benefits Include:
- Faster Decisioning: With verified income in minutes, Loan Officers can quickly engage and qualify borrowers, building a relationship before borrowers begin shopping elsewhere.
- Proven Productivity Gains: By automating tedious manual data review, underwriters become much more empowered and productive. Candor customers have seen 4X increase in underwriter productivity.
- Trust & Accuracy: Candor’s unparalleled accuracy has resulted in zero buybacks on over 600k loans, while TRUE has processed millions of loan documents and works with 4 of the 6 mortgage insurers. Our AI is trained to derive clean, consistent data from many types of income documents.
- Scalability: This machine-only solution can scale with volume increases, so lenders can avoid costly hiring and firing.
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Say goodbye to manual income analysis with our fully-automated, industry-trusted solution.
