Streamlining Asset Verification and Income Calculation for Lenders: Introducing LoanCraft's Digital Solution

The Problem with Manual Verification

In today's lending environment, asking borrowers to locate, scan, or photograph bank statements is a cumbersome process. It often leads to skewed, incomplete documents that increase the risk of fraud and create extra work for lending teams. LoanCraft's digital solution replaces this manual friction with a secure, automated alternative.

Secure, Multi-Device Digital Access

LoanCraft revolutionizes the way lenders verify assets and calculate income. Borrowers can authorize access to their bank account data from any device�phone, computer, or tablet. Once authorized, LoanCraft instantly retrieves the data to deliver two essential reports:

• Asset Report: A detailed view of all borrower accounts and balances.
• IncoSure Income Report: A comprehensive report that integrates bank data with W2 or paystub information for a full income picture.

Smart Automation and Accuracy

Our platform eliminates manual data entry by automatically categorizing deposits and providing sophisticated trend analyses. Because the data is retrieved directly from the source, lenders benefit from increased accuracy, reduced fraud risk, and faster processing. In fact, a fully calculated report is often available within seconds of borrower authorization.

Key Benefits for Lenders and Borrowers

• Customer Convenience: No more hunting for paper statements or uploading files.
• Speed: Accelerated lending cycles with instant data retrieval.
• Enhanced Underwriter Support: Underwriters can use the override feature to apply documented judgment with complete transparency.

Conclusion

LoanCraft provides a powerful tool to simplify underwriting and elevate the customer experience. By prioritizing efficiency and accuracy, our digital solution helps financial institutions make more confident lending decisions in a fraction of the time.