Rapidio is introducing the new income assessment component of its cutting-edge underwriting product, the FlexStack Component System. The tool offers a comprehensive solution that goes beyond mere validation, extending to verification, calculation, and the assessment of guideline eligibility.
The new automated income verification feature is designed to streamline the underwriting process across various loan types, including conventional loans, FHA, and VA loans. The company utilizes its proprietary AI technology, ensuring a robust and accurate data foundation for all of its assessments.
"With our Income Assessment component, we’re removing tedious, repetitive work, so underwriters can focus on making solid decisions," Michael Tuch, co-founder of Rapidio, said in a statement.
Interested parties can expect more components under FlexStack to be released in 2024.
Income-Estimating Finance Tools
Rapidio Introduces a New Income Assessment Tool for Underwriters
Trend Themes
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3. Proprietary AI Technology - The company utilizes its proprietary AI technology, ensuring a robust and accurate data foundation for all of its assessments.
Industry Implications
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