Loan Beam

Loan Beam is a mortgage technology company that provides income calculation and verification solutions to lenders. The company’s flagship product, Loan Beam Income, is a cloud-based platform that uses machine learning and artificial intelligence to automate the income calculation and verification process.

Loan Beam Income offers a number of benefits to lenders, including:

• Increased accuracy and efficiency: Loan Beam Income automates the income calculation and verification process, which can help lenders to reduce errors and improve processing times.
• Reduced risk: Loan Beam Income helps lenders to verify the accuracy of income data, which can help to reduce the risk of fraud and misrepresentation.
• Improved compliance: Loan Beam Income helps lenders to comply with regulatory requirements for income verification.

Loan Beam Income is used by a variety of lenders, including banks, non-bank lenders, and mortgage servicers. The company’s customers have reported that Loan Beam Income has helped them to reduce processing times by up to 50%, improve income accuracy by up to 95%, and reduce fraud by up to 75%.

In addition to Loan Beam Income, the company also offers a number of other products and services, including:

• Loan Beam Income Suite: A comprehensive suite of income calculation and verification solutions for lenders of all sizes.
• Loan Beam Income API: An API that allows lenders to integrate Loan Beam Income into their existing systems.
• Loan Beam Income Training: Training programs for lenders on how to use Loan Beam Income.

Loan Beam was founded in 2014 by a team of experienced mortgage professionals. The company is headquartered in San Francisco, California, and has offices in New York City, New York, and Dallas, Texas.

How Loan Beam Works

Loan Beam Income uses a combination of machine learning and artificial intelligence to automate the income calculation and verification process. The platform works by analyzing a variety of data sources, including tax returns, pay stubs, and bank statements.

Loan Beam Income then uses this data to calculate the borrower’s income and to verify that the income is accurate and reliable. The platform also provides lenders with a variety of reports that can be used to assess the borrower’s creditworthiness.

Benefits of Using Loan Beam

There are a number of benefits to using Loan Beam, including:

• Increased accuracy and efficiency: Loan Beam automates the income calculation and verification process, which can help lenders to reduce errors and improve processing times.
• Reduced risk: Loan Beam helps lenders to verify the accuracy of income data, which can help to reduce the risk of fraud and misrepresentation.
• Improved compliance: Loan Beam helps lenders to comply with regulatory requirements for income verification.
• Reduced costs: Loan Beam can help lenders to reduce the costs associated with income calculation and verification.
• Increased customer satisfaction: Loan Beam can help lenders to provide their customers with a faster and more efficient mortgage experience.

Who Should Use Loan Beam?

Loan Beam is a good solution for lenders of all sizes, including banks, non-bank lenders, and mortgage servicers. The company’s products and services can be used by a variety of mortgage professionals, including loan officers, underwriters, and asset managers.

How to Get Started with Loan Beam

To get started with Loan Beam, lenders can visit the company’s website or contact a sales representative. The company offers a free trial of Loan Beam Income, so that lenders can try the platform before they commit to a paid subscription.

Conclusion

Loan Beam is a mortgage technology company that provides income calculation and verification solutions to lenders. The company’s flagship product, Loan Beam Income, is a cloud-based platform that uses machine learning and artificial intelligence to automate the income calculation and verification process.

Loan Beam Income offers a number of benefits to lenders, including increased accuracy and efficiency, reduced risk, and improved compliance. The platform is used by a variety of lenders, including banks, non-bank lenders, and mortgage servicers.

Additional Information

Here is some additional information about Loan Beam:

• The company was founded in 2014 by a team of experienced mortgage professionals.
• Loan Beam is headquartered in San Francisco, California, and has offices in New York City, New York, and Dallas, Texas.
• The company’s products and services are used by a variety of mortgage professionals, including loan officers, underwriters, and asset managers.
• Loan Beam is a member of the Mortgage Bankers Association and the National Association of Mortgage Brokers.
• The company has been featured in a number of publications, including Forbes, Mortgage