DALLAS, Aug. 10, 2018 /PRNewswire/ -- LoanBeam, the leading automated income calculation and verification solution, is expanding its suite of services to include personal and student loans. Over the last decade, LoanBeam has placed itself at the head of the digital mortgage process with partnerships and integrations with the nation's largest government sponsored entities (GSE), point of sale(POS) platforms, loan origination systems (LOS), digital data aggregators, consumer mortgage lenders, and secondary markets.
Now, LoanBeam has set its sights on the ever expanding personal and student loan market. According to independent research collected by Statista.com® and StudentLoanHero.com©, the student and personal loan market includes more than 44 million Americans and exceeds more than $1.48 trillion in student loan debt and $3.74 Trillion in consumer loan debt.
"Our customer base, consisting of the largest lenders in the country, insists on running best of breed technologies. LoanBeam is proud to be one of those solutions," said Kirk Donaldson, CEO of LoanBeam. "We continue to innovate our ever-expanding suite of services to meet the needs of our clients and their borrowers. Utilizing our income calculation services to bring clarity to the personal and student loan market is a natural progression of our offerings."
If lenders would like to learn more about LoanBeam's personal and student loan calculation capabilities, they may email LoanBeam Sales at Sales@loanbeam.com or call 855-544-2326 Ext. 3.
LoanBeam is a SaaS (Software as a Service) application that uses OCR (Optical Character Recognition) technology to export data from tax return PDFs to an Excel file that automatically calculates the income of a borrower. LoanBeam is pushing the boundaries of what income calculation looks like. LoanBeam's business expertise, patented processes, advanced scanning technology, and strategic technological and financial industry partnerships are all combining to offer first-to-market income calculation solutions to some of the country's most influential companies. The company is headquartered Dallas, Texas. For more information, visit www.LoanBeam.com.
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