Underwriting income is time consuming, especially for self-employed borrowers. It often requires significant work before the complexity of a file is understood.
LoanCraft's Virtual PanelSM provides a solution. Part of every Income Report, it provides three income estimates tailored by varying assumptions. Typically, the Virtual PanelSM contains a conservative, standard, and optimistic estimate, but you can adjust it to fit your strategy.
The Virtual PanelSM gives you an immediate view of how complex a file is. When all the estimates are close or the same, the file is not complicated, even if it has several businesses. But when the estimates differ, it's likely that a little additional analysis is warranted.
If three different underwriters, with different points of view, gave you the same answer, how much more research would you need to do?