Verifies asset documentation, income and the property appraisal, then computes loan-to-value and debt-to-income against standard agency guidelines to route the file.
Adjust price, down payment and income and the agent recalculates LTV, DTI and the approval tier instantly.
| Metric | Value |
|---|
| 1. Verify the documentation | Cross-checks pay stubs, bank statements and the property appraisal against the application, flagging any mismatch. |
| 2. Calculate the ratios | Computes loan-to-value and both housing and total debt-to-income ratios. |
| 3. Apply investor guidelines | Matches LTV and DTI against standard agency thresholds to determine PMI requirement and approval tier. |
| 4. Hand off | Clears standard files for closing, and routes anything outside standard guidelines to manual underwriting with the appraisal and income file attached. |