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This direct integration allows Ocrolus to seamlessly send extracted income data and supporting information from borrower documents to Fannie Mae's Income Calculator, returning more accurate income evaluations that make loans eligible for enforcement relief from representations and warranties by Fannie Mae on the income calculation.
"By leveraging Fannie Mae's Income Calculator, lenders can enhance their origination processes, improve loan quality, and better serve their customers." said Mark Fisher, Vice President of Single-Family Credit Risk Solutions at Fannie Mae. "By collaborating with technology service providers, we're making it easier for lenders to accurately calculate income for self-employed borrowers and streamline their underwriting processes."
