FAQs About Verification of Assets

To obtain additional information visit the Verification of Assets (VOA) product page.

The Verification of Assets digital solution focuses on US-based financial institutions, providing coverage for both banks and credit unions. Coverage of foreign-based institutions and non-bank online institutions is uncommon. Asset types covered are depository accounts, such as checking, savings, money market, CD accounts, and many stock and retirement accounts.

When placing your VOA order, you can specify the length of account history to be returned, from 30 days up to 2 years of history, at no difference in cost. Once the order is placed, this length is fixed, and the requested history will be returned based on the date/time the borrower completes each account link.

AutomatIQ Borrower Verification of Assets asset reports are eligible with both Fannie Mae and Freddie Mac for all current forms of R&W Relief that use digital asset reports as the data source. This includes: Asset validation (including funds to close verification and large deposit highlighting), Income and Employment validation, and Rental Payment History validation.

All customization features offered are optional, and you may select any number of the features to be updated as best fits your company’s style. Features eligible for customization include: Lender Logo, Lender Name in Subject Line, Header Color, Contact Number, and Contact Email.

Yes, in addition to standard digital account linking and asset verification reports, users can upload PDF bank statement documents for data extraction and inclusion within the AutomatIQ Borrower Assets Analysis service for a separate cost. This analysis includes evaluation for potential fraud or data manipulation indicators, along with the ability to review all asset statement data within the Assets Analysis UI. This can be combined with digital account linking as well, for asset analysis support regardless of the documentation scenario.

Cash Flow Analysis is an enhancement to the Verification of Assets (VOA) application that helps lenders analyze a borrower’s bank statements to evaluate deposit‑based income in a more consistent and streamlined way. It supports a standardized review process and produces an audit‑ready report.

Cash Flow Analysis allows you to review bank statement activity, reconcile deposits, and calculate qualifying income based on selected accounts and transactions. This helps create a defensible and repeatable approach to assessing cash flow.

Cash Flow Analysis supports flexible data ingestion, meaning it can use direct data connections from financial institutions, or allow for the uploading of physical bank statements by the borrower or the lender for evaluation. You can generate personal or business bank statements, depending on the borrower scenario.

Cash Flow Analysis allows you to select a 12‑month or 24‑month lookback period when reviewing bank statements, giving flexibility based on underwriting requirements.

Cash Flow Analysis gives you significant control over the analysis. You can select which accounts to include and which to exclude. Furthermore, within those selected accounts, you can select which individual deposits to include and which to exclude from the calculation.

Yes, it includes statement integrity validation under the Asset Analysis tab, which flags missing statement periods, balance and transaction inconsistencies, and potential statement tampering issues early in the process.

When "business" is selected for the statements during setup, Cash Flow Analysis allows for the input of additional relevant business information. This includes the business name, the borrower's ownership percentage, and the expense ratio. A separate Cash Flow Analysis output can be generated for each business being evaluated.

Within selected accounts, you can choose which deposits to include or exclude. Any adjustment made to the transactions tab will update the Personal/Business Bank Statement tab in real time, helping maintain transparency in the review process.

The analysis provides key outputs such as qualifying income, non‑sufficient funds (NSF) indicators, and monthly income trends, helping support clearer underwriting decisions.

Cash Flow Analysis produces an audit‑ready report that supports documentation requirements and creates a repeatable evidence trail in the loan file.

Cash Flow Analysis is available as part of a Verification of Assets (VOA) application. Users can access the Cash Flow tab within the VOA order details page in Encompass or from the AutomatIQ® Borrower Portal. From here, you can review the deposits and generate the Cash Flow report. It's important to note that completing a VOA order does not automatically generate the associated Cash Flow report; you must manually select the option to generate the Cash Flow report.

Cash Flow Analysis is designed to support TPO and wholesale channels. It accommodates statement uploads and lender-provided statements in addition to directly linked accounts. This flexibility ensures it can seamlessly fit broker-driven document flows while still standardizing the review process.