Evergreen, Colo., January 5, 2017 – Advantage Credit, Inc. is pleased to announce the introduction of FACTCheck™. This solution allows lenders to calculate and validate the income used to determine and prove ability-to-repay (ATR) decisions.
FACTCheck uses advanced analytics to review and compare income data residing in a variety of different documents, including tax returns, W-2s, 1099s, paystubs, bank statements and IRS 4065 tax transcripts.
“We are extremely excited to introduce this service to our customers,” said Zach Broyles, specialized sales associate for Advantage Credit, “FACTCheck is able to streamline and standardize the income calculation process saving our clients time.”
FACTCheck will save loan officers and processors considerable time on complicated tax returns by instantly calculating income correctly every time. And it will help Underwriters remove any inconsistencies across multiple documents when reviewing documents supporting the borrower’s income.
“This is a valuable tool that de-mystifies the self-employed income calculations and provides our processors and underwriters independent income analysis for comparison. I look to FACTCheck to save our company both time and money in underwriting” said Wes Masters, senior vice president with First Financial Bank.
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About Advantage Credit, Inc.
Advantage Credit Inc. is a national leading provider of mortgage and banking solutions, background and tenant screening and business credit solutions with corporate offices in Evergreen, Colorado. Advantage Credit Inc. has a proud 23-year history of providing superior customer service while leveraging the most advanced credit technologies for leading mortgage companies, banks and credit unions nationwide. For consecutive years, Advantage Credit was honored by being named as one of the top fifty mortgage service providers in the country by Mortgage Executive Magazine. For more information on Advantage Credit Inc., please visit www.advcredit.com.