Income Calculation Bot
Teraverde ® Income Calculation Bots for Encompass®
Do you want to improve your lending experience?
Are you searching for a way to streamline borrowers?
The Teraverde Income Calculation Bot works in integration with Encompass and other Teraverde products to make the loan origination process, seamless, and the income computation method – transparent.
Multiple Income Categories – Easier Lending
The Income Calculation Bot evaluates incomes to compute a stable borrower monthly income to aid decision making.
The income categories include:
- W-2 Wage Earner and Commission Income
- Self-Employed Income
- Rental and K-1 Income
- Basic Housing Allowance for VA Loans
Why Compute Income?
The Bot doesn’t merely compute incomes but allows for greater transparency in the income calculation process.
- Increases productivity
- Balances with tax returns
- Repeats computations for long-term benefit.
Equipped with a license code and installation and administrator’s guide, the Income Calculation Bot helps processors, underwriters, and other personnel of the lending team to ease the loan process.
Lenders closing more than 2000 loans per year. Make a single payment of $3,750
Lenders closing less than 2000 loans per year. Make a single payment of $2,500
*Amount of loans are verified before purchase.