Overview
The Income Analysis ordering process in ensures you quick and accurate income calculations and Rep and Warrant (R&W) results. Orders submitted to Income Analysis are typically available within thirty minutes for wage information and within two hours for calculations like tax returns. Processing times may take longer depending on the complexity of the submission.
Documents submitted for analysis must meet the following criteria:
Document format must be PDF, JPG, TIFF, or HTML.
Document file size cannot exceed 100MB.
Uploaded files must be clean of viruses.
Submit an Income Analysis order
Follow these steps to submit an Income Analysis order on the AutomatIQ® Borrower Portal.
Visit the AutomatIQ® Borrower Portal and sign in using your credentials.
Click Start a New Loan.
Enter your Loan Number.
Optionally, select an Investor Guideline from the dropdown.
Optionally, select your Loan Purpose from the dropdown.
Optionally, enter the DU CaseFile ID.
Select the Income Analysis product. Once selected two additional fields will populate.
Select the Subject Property Usage from the dropdown.
Optionally, enter the Application Date.
Tip: Entering the Application Date upfront can save time later in the analysis workflow by reducing steps related to Wage Rep & Warrant relief for both Fannie Mae® and Freddie Mac®.
Complete the required Applicant Information fields marked with a red asterisk (*).
Tip: Although optional, entering the Employment Start Date upfront will remove a task from the Task List and reduce the steps required to obtain Wage Rep & Warrant relief.
If applicable, click Add Applicant and complete the required fields for each additional applicant.
Click Next.
Upload your documents by clicking Upload and selecting files from your local drive, or by dragging files into the upload area.
Tip: Refer to Acceptable Documentation Types for Income Analysis for a list of document types supported by Income Analysis.
If your order includes multiple borrowers, use the Match Borrower Pairs section to create borrower pairs, then assign documents to each pair in the Match Borrower Pairs to Documents section.
In the Report Notification section, enter up to two email addresses for recipients who should receive updates about the order.
Click Next.
From the Order Review page, review your order details, then click Submit.
Note: You and any users designated to receive order notifications will receive two email messages: the first confirms that the order was successfully submitted, and the second notifies you when the analysis is complete.
Follow these steps to submit an Income Analysis order on Encompass® Desktop.
Sign in to Encompass® Desktop using your credentials.
In your Pipeline, select the appropriate loan from the list.
From the Services tab in the left-hand navigation bar, select Order Additional Services.
On the My Providers tab of the Additional Services pop-up, select CoreLogic Income Analysis.
Click Submit.
From the Investor Guideline drop-down menu, select the guideline that will be used by Income Analysis to evaluate the income data.
Click Upload Supporting Documents. You will be redirected to your eFolder to select documents for upload.
Tip: Refer to Acceptable Documentation Types for Income Analysis to view a list of document types supported by Income Analysis OCR technology.
Drag files individually to the upload zone in the upper-right corner of the eFolder, or select the checkboxes for the applicable files and click Upload.
Verify that the Upload Status for each document shows Complete.
Click Done.
Use the Notification Emails field to add up to two recipient email addresses for order update notifications.
Click Submit. You will receive two email notifications: one confirming your order was received and another when the analysis is complete and available.
Follow these steps to submit an Income Analysis order on Encompass® Web.
Sign in to Encompass® Web using your credentials.
From your Pipeline, select the appropriate loan from the list.
In the left navigation bar, select Services, then choose All Services from the drop-down menu.
On the All Services page, click Order Service.
In the Order Service pop-up, select Additional Services, then choose CoreLogic Income Analysis.
Click Next.
In the Order Details section, open the Investor Guideline drop-down menu and select the guideline that Income Analysis will use to evaluate the income data.
Click Upload Supporting Documents. You will be redirected to your eFolder to select documents for upload.
Tip: Refer to Acceptable Documentation Types for Income Analysis to view a list of document types supported by Income Analysis OCR technology.
Drag files individually to the upload zone in the upper-right corner of the eFolder, or select the checkboxes for the applicable files and click Upload.
Verify that the Upload Status for each document shows Complete.
Click Done.
Use the Notification Emails field to add up to two recipient email addresses for order update notifications.
Click Submit. You will receive two email notifications: one confirming your order was received and another when the analysis is complete and available.
Outcome
You can submit an Income Analysis order and receive quick and accurate income calculations and Rep and Warrant (R&W) results.