LoanCraft Named Fannie Mae Technology Service Provider for Income Calculator
A New Standard for Income Analysis
LoanCraft, a leading provider of income and asset-analysis technology for mortgage and consumer lenders, has been designated by Fannie Mae as a technology service provider for Income Calculator. This designation positions LoanCraft among elite providers meeting Fannie Mae's rigorous quality integration benchmarks, helping lenders improve confidence and efficiency in income analysis.
Rep and Warrant Relief for Lenders
Through this partnership, lenders may now access Fannie Mae's rep and warrant relief for income calculation, reducing the risk that loans will be subject to repurchase due to income calculation errors. LoanCraft's integration connects its patented data-capture technology directly to the Fannie Mae Income Calculator, enhancing both precision and protection.
"This collaboration combines Fannie Mae's trusted standards and rep and warrant relief with LoanCraft's patented capture accuracy and warranty coverage," said Ron George, CEO at LoanCraft. "Lenders gain a complete, actionable view of borrower income�reducing manual work, risk, and uncertainty while improving compliance and loan quality."
Seamless Integration with the Fannie Mae Income Calculator
The integration embeds the Fannie Mae Income Calculator Findings Report inside LoanCraft's enhanced income report�giving lenders a complete view of warranted income, as defined by Fannie Mae, along with potential additional income (such as W-2/paystub income) available through further documentation.
Comprehensive Income Analysis�Beyond the Fannie Mae Scope
While the Fannie Mae Income Calculator provides standardized analysis for self-employment and rental income, LoanCraft extends its process to deliver a comprehensive income report covering:
- W-2s and Paystubs
- Business Returns
- Bank Statements
- Tax Transcripts
LoanCraft's warranty on data-capture accuracy ensures all electronically retrieved and uploaded documents are verified through both automation and human quality control�eliminating common bottlenecks in underwriting and supporting consistency across the loan process.
Proven Technology and Seamless LOS Integration
LoanCraft's income service is fully integrated with Encompass and other leading loan origination systems. Its patented process and configurable models adapt to any credit policy, merging automated data retrieval with expert validation to produce consistent, defensible, and fully warranted income results.
- Loan Officers gain certainty through simplified workflows.
- Underwriters benefit from transparent documentation, intelligent overrides, and reduced review time.
- Lenders are backed by LoanCraft's extended warranty protection.
About LoanCraft
Founded in 2003 and based in Troy, Michigan, LoanCraft helps financial institutions and loan professionals streamline income and asset verification through patented automation, data capture, and quality-control services. The company has supported billions of dollars in mortgage and home-equity originations for national banks, credit unions, and independent lenders.
For more information, contact Kim Dante at kdante@loancraft.net or 248-743-1700. Visit www.loancraft.net.