Allow users to declare assets and report income that were not previously supported by Morty’s UI.
Fannie Mae and other lenders support a variety of asset and income types. Historically, Morty has supported the most common assets and incomes used for qualifying mortgages, and we are now expanding into all types. Borrowers can now report any type of asset or income in their pre-approval request or application, including unemployment, child support, types of equity, and more. Loan officers can manage these new types of finances in Hemlock, in their clients’ financial profiles.
These new types of finances will be present on any 1003 applications or Fannie Files used to import loans into our lender portals. This provides quick and easy loan registration and rate locking, plus eligibility assessments done for earlier stage borrowers. Any documentation required to verify these new assets or income types will be requested in the closing tracker, when the borrower has submitted their application.