AutomatiQ Borrower from CoreLogic provides verification data and decision analysis all in one platform

Key Takeaways:

– AutomatIQ Borrower is a borrower verification and qualification platform
– It focuses on providing the data lenders need and the reasons behind needing that data
– The platform helps lenders answer three key questions about borrowers’ capacity, propensity, and ability to pay
– It combines verification data and decision analysis in one place for easier underwriting decisions
– The AutomatIQ Borrower Income Analysis tool simplifies income underwriting and provides a complete picture of the borrower’s income
– It automates simple tasks and simplifies complex ones, allowing lenders to scale on volume without sacrificing speed or accuracy

HousingWire:

AutomatIQ Borrower from CoreLogic is a one-stop borrower verification and qualification platform. The platform was built focused on two key aspects: what data do lenders need, and why do lenders need this data?

Lenders need answers to three key questions:

  • Does the borrower have the capacity to pay?
  • Does the borrower have the propensity to pay?
  • Does the borrower have the ability to pay?

With verification data and decision analysis all in one platform, lenders can source, analyze and make borrower underwriting decisions all in one place.

Income underwriting makes up about 80% of the total time and complexity it takes to underwrite a borrower. The AutomatIQ Borrower Income Analysis tool is designed to work across a wide spectrum of borrowers. No matter the complexity of the borrower’s situation, it quickly provides the full picture of the income for the loan. It also performs all the calculations per specified investor guidelines, with transparency in calculations. 

AutomatIQ Borrower is built around automating the simple and simplifying the complex parts of the origination process. This allows lenders to scale on volume without sacrificing speed or accuracy. 

To learn more about AutomatIQ Borrower, visit http://corelogic.com/AutomatIQ.

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Property Chomp’s Take:

Have you ever wondered how lenders determine whether a borrower is qualified for a loan? Well, thanks to the innovative platform called AutomatIQ Borrower from CoreLogic, this process has become much more efficient and accurate. Let’s dive into what this platform offers and why it’s essential for lenders.

The primary goal of AutomatIQ Borrower is to provide lenders with the necessary data and verification to make informed borrower qualification decisions. It focuses on addressing two fundamental aspects: the data lenders require and the reasons behind their need for this data.

When evaluating a borrower, lenders typically seek answers to three key questions: Does the borrower have the capacity to pay? Does the borrower have the propensity to pay? And finally, does the borrower have the ability to pay? AutomatIQ Borrower offers a comprehensive platform that combines verification data and decision analysis, allowing lenders to source, analyze, and make underwriting decisions all in one place.

Income underwriting, which constitutes approximately 80% of the time and complexity involved in the borrower underwriting process, is made much simpler with the AutomatIQ Borrower Income Analysis tool. This tool is designed to cater to a wide range of borrowers, regardless of the complexity of their financial situations. It provides lenders with a complete picture of the borrower’s income for the loan, performing calculations based on specified investor guidelines and ensuring transparency in the process.

One of the key advantages of AutomatIQ Borrower is its ability to automate simple tasks and simplify complex parts of the loan origination process. This allows lenders to handle larger volumes without sacrificing speed or accuracy. By streamlining and optimizing the underwriting process, lenders can save time and resources while ensuring they make well-informed decisions.

In conclusion, AutomatIQ Borrower from CoreLogic is revolutionizing the way lenders verify and qualify borrowers. By providing a one-stop platform for data analysis and decision-making, lenders can streamline their underwriting processes and make informed borrower qualification decisions. With its ability to automate tasks and simplify complex parts of the origination process, this platform enables lenders to scale their operations without compromising speed or accuracy. To learn more about AutomatIQ Borrower, visit http://corelogic.com/AutomatIQ.

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