Cotality's integration with the AIM Check API introduces the AutomatIQ Borrower Income Analysis, enabling lenders to obtain digitized income data from pay stubs and W-2s. This streamlines the income assessment process for employment verification through LPA. Senior Director Sri Gajjala emphasized the goal of empowering lenders to enhance the home-buying experience. The innovative approach aims to increase efficiency, reduce risks, and ultimately facilitate a smoother mortgage process for both lenders and borrowers, corroborated by Daniel Miller's commitment to digital advancements in the industry.
Today's integration with AIM Check API will enable lenders to use the AutomatIQ Borrower Income Analysis solution to obtain and transmit digitized pay stub and W-2 data for LPA's automated assessment of income and employment.
Using Cotality's AutomatIQ Borrower Income Analysis, lenders can quickly assess a borrower's income by looking at pay stubs, W-2s, and variable pay, such as commissions, bonuses, and overtime, in a single workflow.
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