Identify underwritable paystreams
All deposits don’t yield income that a borrower can (or will) use to repay a loan. Repeatable, underwritable paystreams can be difficult to isolate – and with varying reliability.
Edge detects and categorizes paystreams through the lens of what matters most to lenders. Our rich library of attributes for model and scorecard building enables comprehensive income assessment, with a particular focus on timing and stability.
Day and date when you should
expect the next payroll deposit
Potential variance in amount
from paycheck to paycheck
Accelerate onboarding and streamline operations
Traditional methods of verifying income can be costly and eat up valuable time, especially as consumers increasingly rely on multiple or nontraditional sources of income.
EdgeEnrich delivers real-time income detection. Less delays mean less drop-offs, so your applicants will see faster processing times and become more satisfied, more loyal customers.
Meanwhile, you’ll see massive cost savings once Edge enables greater automation in your underwriting process.