What is the Bank Statement Income Calculator?

The Ocrolus Bank Statement Income Calculator offers comprehensive analytics such as NSF transactions, large deposits, and monthly balances based on the extracted transaction details from the borrower's bank statements. You can easily adjust input and automatically receive analytics output for the final qualifying income calculation. This product offering is designed to benefit retail lenders looking to offer non-QM bank statement loan products as well as current non-QM lenders looking to decrease turn times, reduce risk and increase volume.

Prerequisites

• Active Dashboard account user credentials
• The account user must upload bank statements to the dashboard for income calculation data input
• Feature flag for Bank Statement Income Calculator must be enabled on the account user credentials

Visit this other helpful demo to learn more about the Bank Statement Income
Calculator:

How to Navigate the Bank Statement Income Calculator

If you have more questions about the Bank Statement Income Calculator, please reach out to support@ocrolus.com.