Introducing the Override Feature: Empowering Underwriters with Precision and Control

Empowering Underwriters' Judgment

While LoanCraft's income reports are designed for high accuracy, complex cases often require a nuanced touch. The Override Feature is a transformative tool that allows underwriters to apply expert judgment in a straightforward, fully documented way, ensuring every decision is well-supported and meticulously tracked.

Extensive Override Capabilities

With over fifty different types of overrides, the system addresses both individual income sources and overall file adjustments:

• Income Source Overrides: Allow for granular changes, such as modifying calculation methods or incorporating specific values for unique scenarios.
• File-Level Overrides: Enable broad adjustments, such as altering the review period or resolving EIN discrepancies after further examination.

Built-In Documentation for Compliance

Transparency is at the heart of the Override Feature. To ensure a clear audit trail, the system requires:

1. Standardized Categorization: Underwriters select specific categories for each adjustment.
2. Mandatory Notes: Rationale must be provided for every override.
3. Automated Recalculation: Every change triggers the report to run anew, instantly reflecting the most accurate, adjusted picture.

Insightful Reporting for Managers

The feature includes robust tracking that allows managers to monitor how often overrides are applied and by whom. This oversight supports organizational accountability and helps identify opportunities for continuous process improvement. By bringing precision and control to the hands of underwriters, LoanCraft ensures compliance every step of the way.