Gateless, founded in 2020 by Victor Ciardelli, has introduced a new solution that utilizes real-time income calculations, backed by Fannie Mae, providing lenders with enhanced confidence in their underwriting decisions and reducing risk exposure. This system employs tax return data to generate monthly income calculations and actionable insights. The company aims to optimize loan processing efficiency and claims that 80% of critical documents can be automated. Their offerings include Smart Underwrite and VeriClear, with partnerships that enhance their capabilities in mortgage origination automation.
Gatelessâ new real-time income calculation solution, backed by Fannie Mae, significantly enhances lenders' confidence in underwriting decisions while effectively reducing risk exposure.
Using tax return data, Gateless generates monthly income calculations, offering actionable insights to lenders and optimizing loan processing times significantly.
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