LoanLogics, a provider of loan quality control and document processing solutions, is acquiring LoanBeam, a provider of income calculation and verification technology endorsed by government-sponsored entities (GSEs) Fannie Mae and Freddie Mac.
Terms of the deal were not disclosed.
LoanBeam’s products enable mortgage lenders to get upfront borrower income validation from any income source, cutting days out of the risk review process, the company says in a release.
Using patent-pending data pairing technology that
