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Income verification

Friday Harbor adds income and asset scenario testing for LOs

Artificial Intelligence, HWmember, Income verification, Loan Processing, Mortgage, Technology, Underwriting /

AI-powered mortgage underwriting platform Friday Harbor announced Tuesday the launch of a new set of tools called Income and Asset Sandbox, which are designed to help loan officers structure income and asset decisions earlier in the origination process. The tools allow lending teams to test how different income streams, assets and supporting documents affect a […]

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How upfront income accuracy transforms lending

Contributors, HWmember, Income verification, Mortgage, Opinion, Origination /

Mortgage lending has a Day 28 problem. Borrowers engage with lenders on Day Zero. Expectations get set. Loan options get discussed. Confidence gets built. Then income finally receives scrutiny on Day 28—deep in underwriting, after time, money, and operational effort have already been spent. The result? Income surprises kill deals. Borrowers wait, frustrated. Lenders scramble

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Prudent AI launches same-day mortgage income calculator

HWmember, Income verification, Mortgage, Technology, Underwriting /

Delaware-based fintech company Prudent AI on Wednesday announced the launch of Prudent AI Upfront Income, a tool that it calls the mortgage industry’s “first universal income platform designed to calculate qualified income for any loan type in a single tool with same-day certainty.” The company explained in a press release that mortgage lenders can use

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How Truework is transforming mortgage tech with innovation

HW Rising Stars, HWmember, Income verification, Mortgage, Technology /

Among the many tedious steps in the mortgage manufacturing process, verification of income and employment (VOIE) might top the list of challenges for lenders. Ethan Winchell’s company, Truework, aims to remove these headaches. The San Francisco-based firm was founded in 2017 and has sprouted into a major mortgage technology partner. When Truework was acquired in

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Income eligibility defects drive mortgage quality decline

ACES Quality Management, Appraisals, HWmember, Income verification, LendingLife, Mortgage, Origination, quality control, Underwriting /

Loan quality risks amid ongoing mortgage market challenges are continuing to emerge, according to the newest QC Industry Trends Report from ACES Quality Management, which tracks post-closing quality control data from its platform. The overall critical defect rate in the first quarter of 2025 climbed to 1.31%, ending two straight quarters of improvement and up

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Halcyon integrates with Finastra on income verification solutions

Halcyon, HWmember, Income verification, Internal Revenue Service, Mortgage, Partnerships, Technology /

Halcyon, a provider of digital income and tax verification solutions, on Tuesday announced a new integration with Finastra, a financial services software company, to enable seamless digital management of IRS Form 8821 authorizations within Finastra’s Mortgagebot solution. This integration provides financial institutions with a faster and secure way to retrieve and manage tax transcript data

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Informative Research integrates Halcyon into verification platform

Halcyon, HWmember, Income verification, Mortgage, Partnerships, Tax, Technology /

Informative Research, a provider of credit and verification solutions to the mortgage lending community, announced on Monday the availability of Halcyon’s IRS tax transcript service within Informative Research‘s verification platform. The enhancement expands Informative Research’s suite of income verification and employment verification options, enabling lenders to access secure, permissioned tax transcript data directly from the

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