4 considerations for calculating non-traditional income
Explore how, with the automation of income verification and calculation, lenders can verify applicant income to manage risk and assess their ability to repay – in less time and with greater confidence.
Across all types of lending, calculating and verifying income can be a daunting, manual and time-consuming task, especially with the increase in borrowers with non-traditional income.
When done manually, this complex workflow requires a large team performing repetitive, tedious tasks that bottleneck the origination process. To maintain efficiency, accuracy and confidence in their decisions, lenders need a solution that standardizes, streamlines and automates income calculations.
Learn how by automating income verification and calculation, lenders can verify applicant income to manage risk and assess their ability to repay – in less time and with greater confidence.
The need for standardized calculations for accuracy and efficiency
Benefits of automated income verification
4 considerations for calculating