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5.0 (1)

LoanBeam

Description

LoanBeam drastically reduces the time loan officers, processors and underwriters spend calculating and reviewing the qualifying income of a borrower. Using Optical Character Recognition (OCR) technology, LoanBeam exports data from tax return PDFs to an Excel file that automatically calculates qualifying income. LoanBeam users may select from standard qualifying income calculation formats [e.g. Fannie Mae Form 1084, etc.] or create their own custom format. LoanBeam also identifies any additional documents still needed from the borrower [i.e. K-1s and business tax returns]. Each amount in the Excel based qualifying income report is referenced to its source document for easy review.

Service(s)

  • Document Recognition / OCR

Location

Addison, Texas
United States

Year Founded

Ratings & Reviews

5.0

Cost/Value
5.0 (1)

Implementation
5.0 (1)

Support
5.0 (1)

Technology
5.0 (1)

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Sam Marshall Reviewed on 3/18/2021 5:30:30 PM
5 great and quick service
LoanBeam was a easy to implement, easy to use, and an easy to adopt service that we added on to our remove the tedious tasks of standard income calculations from our underwriters. It saved them lot of time and they easily adopted the service into their everyday routine.

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