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Gateless’ integration of mortgage tech platform with Fannie Mae’s income calculator to enable lenders to calculate accurate qualified income in real-time using tax return data, for borrowers without W-2 wages

May 19, 2025 //  by Finnovate

Mortgage technology firm Gateless has integrated its platform with Fannie Mae’s income calculator. The integration enables lenders to calculate qualified income, particularly for borrowers without W-2 wages, such as the self-employed, small-business owners and real estate investors. The solution provides real-time income calculations backed by Fannie Mae, offering representation and warranty relief on conventional loans. This gives lenders increased confidence in their underwriting decisions while reducing risk exposure. Using tax return data, the system generates monthly income calculations and delivers actionable insights.  Gateless claims to optimize loan volume processing and accelerate the post-closing process by up to 400%. After analyzing more than 200,000 loans, the company found that 80% of critical documents identified during the loan process can be satisfied through automation. Gateless offers Smart Underwrite, an end-to-end automated underwriting solution that begins at the point of sale, as well as VeriClear, an income verification tool. Among its publicized partnerships are those with The Loan Store and Equifax. “Our technology automates the intricate process of income analysis and ensures lenders receive precise, accurate income calculations quickly, whether for traditional wage earners or increasingly common self-employed borrowers,” said Katie King, chief risk officer at Gateless.

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Category: Customer & User Experience, Innovation Topics

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