Seamless Integration of LoanBeam and Fannie Mae Income Calculator Revolutionizes Income Assessment for Self-Employed Borrowers, Enhancing Efficiency, Compliance, and Confidence for Lenders Nationwide. JACKSONVILLE, Fla., October 28, 2024 – LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, is thrilled to announce the integration of its LoanBeam Income technology with Fannie Mae’s Income Calculator. This collaboration…
Author: Roby Robertson
Prepare for the Surge: How LoanLogics’ Technology Helps Lenders Scale After the Fed’s Rate Cut
The Federal Reserve’s recent decision to reduce interest rates is bound to ripple effect across the mortgage industry. Lower rates typically translate into a spike in mortgage applications as borrowers rush to refinance or purchase new homes. While this presents a fantastic opportunity for lenders, it also comes with significant challenges—managing the surge in demand while maintaining efficiency and compliance.…
Five Reasons to Automate Mortgage Income Calculation
Shrinking profit margins, resource constraints, and growing revenue goals are forcing lenders to rethink their mortgage application process. If you’re reading this, you’ve likely been considering (or doing) ways to automate some or all your application process. Some parts have been easier than others, (e.g., credit scoring) but others, such as income assessment, have been more elusive. But, if you…
The How and Why to Improve Turn-Time on IRS Tax Transcript Orders
The topic of tax seems to be a buzz these days. The annual tax filing deadline came and went last week, but not without some noise surrounding it. In January, the Internal Revenue Service (IRS) warned delays in taxpayer refunds were likely, as the agency navigates heavy 2020 rework volume and staffing shortages. Other IRS services were also marked at risk…
2022 Trends to Impact Mortgage Loan Production
Late 2021 LoanLogics, a leader in loan quality technology, acquired LoanBeam. This was a natural acquisition for LoanLogics as they look to expand their technology platform to include income calculation. And for LoanBeam, it made sense to align itself with one of the mortgage industries smartest document classification platforms, improving overall turn-time and quality of our output. As the Head…