Prudent AI launches same-day mortgage income calculator

"Prudent AI seeks to streamline this process to keep lenders from switching tools, reconciling results across platforms or being surprised by income calculations deep into the loan approval timeline. The company claims that, in some cases, the juggling of multiple tools causes disqualifying factors to not be uncovered until 28 days after borrower engagement begins. One tool. All income types. All loan programs, Jayendran GS, co-founder of Prudent AI, said in a statement."

"The company noted that for agency loans purchased by Fannie Mae and Freddie Mac, its platform will automatically extract data and populate fields in the calculator to improve the submission process to Fannie's Desktop Underwriter and Freddie's Loan Product Advisor. With non-QM loans, Prudent AI's tool will calculate income for investor-specific guidelines while achieving the same speed and accuracy, the release stated."

Prudent AI centralizes income calculation to prevent lenders from switching tools or reconciling inconsistent results across platforms. The platform reduces instances where disqualifying factors surface up to 28 days after borrower engagement. A single tool supports all income types and loan programs to provide certainty at intake rather than surprises at closing. The platform integrates with Fannie Mae's Desktop Underwriter and Freddie Mac's Loan Product Advisor by extracting data and populating calculator fields. For non-QM loans, the tool computes income according to investor-specific guidelines while maintaining speed and accuracy. Prudent AI also launched non-QM underwriting and one-touch prequalification tools to streamline submissions and reduce fallout.

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