Better manage risk and make more precise lending decisions with new analytics that give more detail about an applicant’s ability to pay
Income Analytics provides a set of calculated data points derived from Truework verified income data to help lenders more easily understand trends in applicant income.
Forecast an applicant’s income to better understand potential performance and health.
Represented as the expected gross earnings of an individual over the 12 months following the month of the last verification.
Understand the variability in monthly income as an indicator of ability to repay.
Represented as the coefficient of variation that shows the extent of variability in an applicant’s monthly income for the last 12 months.
Both Projected Income and Income Stability are available via API as an add-on to the Truework Pre-approval, Instant, and Credentials verification methods.
Check out the documentation, or speak to our team directly.