Introducing the Income Calculator: Streamline Loan Qualification with AIM’s New Feature

At A&D Mortgage, we understand that time is money, especially for our broker partners. That’s why we’re excited to introduce a game-changing new feature in our Artificial Intelligence in Mortgage (AIM) Portal: Income Calculator. This innovative tool allows brokers to upload a borrower’s W-2 and automatically calculate monthly income, making it easier and faster to determine how much of a loan their client qualifies for. Best of all, this feature is compatible with Conventional, Non-QM Full Doc, and Government-backed loans.

Why We Added the Income Calculator

The process of manually calculating a borrower’s income can be tedious and prone to error, especially when dealing with multiple loan programs and income sources. Our new Income Calculator feature eliminates this issue by streamlining the process for brokers, saving valuable time and ensuring accuracy in the income assessment.

The Income Calculator functionality is designed with brokers in mind, enabling a more efficient workflow while ensuring loan applications are processed smoothly and in compliance with current underwriting guidelines.

Benefits of the Income Calculator Feature for Brokers

The Income Calculator offers significant advantages for brokers who want to provide a superior client experience while managing a high volume of loan applications.

• Speed and Efficiency: By automating the process, brokers can focus on more critical tasks like finding the best loan products for their clients and growing their pipeline.
• Increased Accuracy: AIM’s Income Calculator automatically calculates income based on the exact data from the W-2, reducing the risk of human error and ensuring compliance with underwriting standards.
• Compatible with Multiple Loan Programs: Whether your client is applying for a Conventional, Non-QM Full Doc or a Government-backed program, the W-2 Income Calculator is built to handle all of it.
• Enhanced Client Experience:?With faster income calculations, brokers can provide quick loan eligibility information to clients, improving communication and setting realistic expectations.

Accessing the Income Calculator in the AIM Partner Portal

Getting started with the new Income Calculator in the AIM Partner Portal is simple. Follow these easy steps to calculate your borrower’s monthly income:

1. Log in or register on the AIM Partner Portal If you’re already an AIM user, simply log in with your credentials. New users can quickly register on the portal by visiting A&D Mortgage’s website and signing up for access.
2. Find the Income Calculator Once logged in, locate the Income Calculator option on the top ribbon of the homepage. This is your gateway to using the W-2 upload feature.
3. Add a New Loan Select Add a New Loan to create a new loan application profile for your borrower. This will prompt the system to begin tracking the details for that specific client.
4. Drag and Drop the Borrower’s Income Documents Drag the borrower’s W-2 form or other income documents into the designated upload area. AIM’s advanced algorithm will immediately start processing the information.
5. Enjoy the Results! Sit back and let AIM handle the rest. Once the income calculation is complete, you’ll receive an email notification with the results. You can then review the loan amount your borrower qualifies for and move forward with the application process.

By following these quick steps, you’ll save time and gain accurate income calculations in just a few clicks, allowing you to serve your clients faster and more effectively.

Who Can Benefit from This Feature?

This new tool is perfect for brokers who handle a diverse range of borrowers, from W-2 wage earners looking for a Conventional loan to clients applying for Government-backed loans. If you’ve been looking for a way to streamline the income verification process and close loans faster, this is the feature for you.

Here’s how different borrowers can benefit.

• First-Time Homebuyers.?Help them understand how much they can afford quickly and clearly, reducing the time spent waiting for manual calculations.
• Repeat Borrowers. For clients who have purchased before, the Income Calculator offers an even faster way to qualify for their next loan.

Why Choose AIM Partner Portal?

The AIM Partner Portal is designed to provide brokers with the tools they need to simplify and streamline the mortgage process. With the addition of features like the Income Calculator, AIM offers cutting-edge solutions that allow brokers to focus on what matters most—serving their clients and closing more loans. Here’s why the AIM Partner Portal stands out:

• Efficiency and Speed.?AIM automates key parts of the loan qualification process, such as income verification, saving brokers time and reducing the complexity of manual calculations. With quick and accurate results, brokers can move applications forward faster.
• Accuracy and Compliance. AIM ensures that income calculations are precise, helping brokers avoid common errors that can cause delays or denials. The portal is designed to stay in line with current underwriting guidelines. Brokers can feel confident that they’re meeting compliance standards for both Conventional and Government-backed loans.
• Versatility. Whether your clients are applying for Conventional loans, FHA, or Non-QM, AIM is equipped to handle various loan types. It gives brokers the flexibility to serve a diverse range of borrowers without compromising on accuracy or efficiency.
• User-Friendly Interface.?The portal is intuitive and easy to navigate, making it accessible for brokers at all levels of experience. Its streamlined design allows brokers to get the information they need quickly, enhancing their workflow and client interactions.

With the AIM Partner Portal, brokers have access to a robust platform that enhances every step of the mortgage process, from loan application to closing, while maintaining the highest levels of efficiency and accuracy.

Ready to Get Started?

For brokers new to A&D Mortgage, we invite you to sign up for AIM today and take advantage of this powerful tool, along with a wide range of other resources designed to help you grow your business and serve your clients better.