Friday Harbor additionally mentioned the brand new capabilities are supposed so as to add construction and visibility to the qualifying revenue and belongings course of whereas groups nonetheless have flexibility to regulate eventualities.
Inside a dwell mortgage file, lenders can direct the platform’s AI revenue agent to incorporate or exclude particular revenue sources, belongings or documentation and instantly see qualifying revenue recalculated. Customers can toggle paperwork, modify averaging intervals for variable earnings and take a look at asset-based eventualities based mostly on the mortgage product’s pointers, automated underwriting system findings and lender overlays.
The Earnings and Asset Sandbox operates inside Friday Harbor’s broader AI pre-underwriting platform, which reads borrower paperwork, compares them with the mortgage utility, and evaluates them towards company guidelines and lender necessities. Calculations are based mostly on documentation within the file in actual time.
“Earnings selections not often match into neat templates, particularly as borrower eventualities develop extra complicated,” mentioned Theo Ellis, founder and CEO of Friday Harbor. “Our Earnings and Asset Sandbox provides groups a technique to construction offers earlier within the course of, with transparency into how every revenue and asset resolution impacts eligibility and the trail to shut.”
The instrument is supported by Friday Harbor’s Mortgage File Companion, a file-level AI assistant that permits customers to ask questions inside a mortgage file and obtain responses tied to supply paperwork, automated underwriting findings and coverage references.
The corporate mentioned the function is designed to maintain state of affairs evaluation grounded in documentation whereas preserving lender judgment and underwriting accountability.
