A more efficient, accurate way to calculate a borrower’s income

Calculating a borrower’s income has traditionally been a manual, time-consuming task characterized by inefficient processes, inconsistent results and the absence of supporting documentation.

Built by underwriters, AutomatIQ™ Borrower Income Analysis changes everything. This tool offers a single, intelligent workflow solution to help you accurately and efficiently analyze and calculate borrowers’ income from all sources in a fraction of the time.

Learn more by viewing our engaging on-demand webinar where you’ll get to explore two groundbreaking tools, Freddie Mac’s Asset and Income Modeler (AIM) for Self-Employed, and CoreLogic’s AutomatIQ Borrower Income Analysis.
Watch Webinar

Accurate Results, Every Time

Regardless of which team member initiates the workflow, AutomatIQ Borrower Income Analysis delivers a report with high confidence, accuracy and consistency every time. As income documents become available, the solution continuously updates the income calculation. In addition, it provides suggestions which the reviewer can use to identify income opportunities to increase a borrower’s qualifying potential

Wizard-Driven to Reduce Human Errors

The solution enables loan officers and underwriters to significantly reduce human error in income calculations and document retrieval by using a wizard-driven task list. With a single, flexible, fully integrated solution, users enjoy an intuitive experience that results in accelerated processing and improved efficiency.

Streamlined Investor Compliance

AutomatIQ Borrower Income Analysis helps underwriters, processors and loan officers quickly get Rep & Warrant decisions from Freddie Mac. This solution allows lenders to easily compare income data, meet investor-specific needs and generate personalized PDF reports highlighting verified income sources and custom calculations. In addition, these PDFs are safely stored in the LOS loan file, ensuring smooth auditing and record-keeping.

Customize and Collaborate

In qualifying income and perfecting documents, loan officers and underwriters have the option to customize/configure their views, allowing them to choose the report order that is most convenient to them. In addition, multiple users can work simultaneously on the same report, allowing them to collaborate in real-time. 

A Simple and Secure Solution

AutomatIQ Borrower Income Analysis uses an intuitive and secure web-based interface (SSO enabled) that makes it easy for you to qualify and review borrowers.

  • A single, secure system stores all interactions, calculations and documents.
  • An audit trail is maintained for each user’s actions to ensure complete security.

Accessibility and API

AutomatIQ Borrower Income Analysis can be instantly accessed via ICE Encompass, the AutomatIQ Borrower Portal (Web UI), or directly integrated into any proprietary LOS or software workflow using the solution API.

What Our Customers Say

"Our loan officers are extremely happy to know what income they can use to qualify a customer upfront; and underwriters are happy to see that they’re not having to educate processors and loan officers on the documentation that’s required for self-employed borrowers."
Bea Tilley
SVP, Citizens Bank
“We needed a tool to do the OCR [optical character recognition] input for our underwriters and present an income that they can then analyze as part of the transaction,” said the Chief Risk Officer at this top U.S. lender. “Instead of making their work about getting to that calculation, they needed to be able to use calculations to analyze the overall quality of file and the credit decision.”
Chief Risk Officer, U.S. Lender
“CoreLogic continues to raise the bar with new and innovative products like AutomatIQ Borrower Income Analysis that put the power, speed, and simplicity of Encompass Partner Connect (EPC) on full display. Additionally, their ability to leverage EPC’s highly-configurable automated service ordering throughout their product line has allowed us to transform and streamline our operations workflows.”
Josh Byrom
VP, Head of Innovation - Prosperity Home Mortgage, LLC

Related Products

Add income verification directly from the IRS with 4506-C Direct

As part of CoreLogic’s collection of borrower data and verification services, 4506-C offers a fast, reliable verification of income and delivers an easy-to-read report that includes all IRS schedules.

Verification of Employment and Income (VOE/VOI) — verify every borrower, every time

Take the frustration, delays, and costs out of the traditional verification process.

Interested in learning more about AutomatIQ Borrower Income Analysis?

Schedule a free consultation
Contact Sales