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AI & Technology Why Commonwealth Cost Calculator InsightsMortgage automation is being built for the biggest lenders. We’re building it for everybody.
CLEAR reads the credit package, applies Fannie Mae, Freddie Mac, FHA or VA guidelines, and shows you every figure it produced and the page it came from. Priced for shops big and small so everyone can compete.
Comprehensive Loan Evaluation and Automated Risk Assessment
CLEAR Income AnalysisWhat used to take hours now takes minutes.
Paystub
Base, overtime, bonus, commission and shift differential separated and averaged correctly, with year-to-date figures reconciled against the pay period rather than taken at face value.
W-2
Multi-year history read and compared, so a declining trend or a one-off spike is surfaced as part of the calculation instead of being noticed later by whoever audits the file.
Self-employed
Returns, schedules and K-1s worked through properly- the part that actually takes the hour, and the part a wage-earner model quietly gets wrong.
Rental
Schedule E and lease-based calculations, with the treatment applied to the agency the file is going to rather than a single generic method.
Send the credit package
One PDF, as your processor assembled it. Paystubs, W-2s, returns, K-1s, leases and statements are located and read where they sit, with no splitting, renaming or re-keying first.
The calculation runs in real time
You see the arithmetic happen rather than receiving a number at the end. A figure you can watch being derived is a figure you can defend.
Every value cites its source
Each extracted figure points back to the page of the document it came from, with the agency guideline that drove the treatment alongside it. Verification is a click, not a hunt through two hundred pages.
Report and worksheets out
A structured Income Analysis Report with completed calculator worksheets- the working papers an underwriter would have produced, and the evidence a QC reviewer will ask for.
Brokers
No underwriter on staff and no second opinion down the hall. Work the income yourself before the file leaves your desk, instead of finding out three days later that it does not support the loan.
Loan officers
Know the qualifying income before you set the borrower’s expectation, not after the file comes back. The conversation you avoid is the one where the number moves.
Processors
Submit with the income already worked rather than a placeholder, and stop trading conditions back and forth over arithmetic that could have been settled once.
Underwriters and QC
A second calculation to check yours against on every file, without waiting on a second underwriter. For QC, an independent recalculation pre-fund and post-close- the part you cannot credibly do to yourself twice with the same pair of hands.
For years the national lenders have run income through automation while the rest of the industry worked it by hand. That was never a question of talent. It was a question of who the software was priced for.
Commonwealth’s CLEAR platform is built to close that gap. It is the first product of its kind we have released, and it is priced so the shops that need it most can actually run it.
Income Analysis is just the beginning.
See it read one of your files.
Bring a real credit package, ideally an awkward one, and watch the analysis run against it. That is a more useful demonstration than any slide.