Point Predictive Launches 100% Loan-Application Income Checks in Under 1 Second

1 articles · Updated · GlobeNewswire · Jun 16

Point Predictive said its new IEValidate True Income and Employment can analyze income and employment on 100% of loan applications in less than a second, without paystubs, consumer logins or legacy database checks.
387 million income records and 26 million employer profiles power the product, which combines direct validated reports with modeled income estimates when no exact borrower match exists.
The system also runs confidence and default-risk checks, including flags tied to more than 16,000 known fake employers, to help lenders focus documentation requests on higher-risk applications.
Hundreds of lenders already using IEValidate have cut paystub and other stipulation requests by 60% to 70%, improved loan capture rates by up to 50%, and auto-approved up to 70% of validated applications.