Automated income calculation for mortgage teams
Qualifying income, in as little as 3 minutes.
Income is the slowest piece of the loan, and the piece the next desk does differently. Upload the borrower's documents, and Rapidio returns the qualifying income to the guidelines you pick, with the page and line behind every figure, the options side by side, and what the loan still needs.
No card to start. From $9.93 a loan in a bundle, $20 pay as you go, any income type.
“The accuracy is phenomenal.”
In · 1 PDF, 16 pagesSplit and labeled
Form 1040 · 2025, 2024Schedule C · 2 businessesForm 1065 + K-1W-2 · 2025, 2024
Out · income by borrowerAs little as 3 minutes
- Mary Smith3 income sources · 4 to review$14,467.50
- Thomas Smith3 income sources · 4 to review$15,524.83
Still needed2 items
- Critical. Form 1065 and Schedule K-1 for 2024
- Review. Year-to-date profit and loss statement
Mortgage teams and associations that work with Rapidio
Why teams switch
Income is the slowest piece of the loan. It does not have to be.
One worksheet, calculated the same way on every loan, with the work shown. The same four facts, whatever your desk.
Behind every loanSOC 2 Type 1Experienced underwriters behind the systemREST APIPartner of NAMB, AIME and CAMP
How it works
Upload the documents. Rapidio does the rest.
Five screens, drawn from the web app with sample loans. Click a step, or let it play.
GuidelinesPick one
Fannie MaeFreddie MacFHAVAUSDANon-QMBank statement
Or send the borrower a linkNo account needed
dd.rapidio.com/upload/…QR codeExpires in 8 hours
Fitness Instructor · by yearDeclining income
- Metric20252024
- Net profit, line 31$49,500.00$68,500.00
- Add-backs, line 13$1,600.00$2,050.00
- Adjusted annual total$51,100.00$70,550.00
- Monthly$4,258.33$5,879.17
Schedule C 2025 · page 3, line 31Schedule C 2024 · page 7, line 31
Qualifying income optionsRapidio recommends one
- 2026 year to date + 2025 W-2 baseBalanced · Recommended$4,122.65
- 2025 + 2024 W-2 baseMost conservative$2,487.50
- 2026 year to date onlyAggressive · Review only$5,645.31
The method, written downBalanced
- Averages the latest partial year and the previous full year of base pay.
Smith's Home Construction LLC · Mary SmithCritical · 2
- Critical. Most recent 2 years of Form 1065 and all attachments Reason: the 2024 return is not in the loanOpen
- Critical. Most recent 2 years of Schedule K-1 from Form 1065 Reason: the 2024 K-1 is missingOpen
- Review. Liquidity testing passed Informational: current ratio 3.56Review
Loan summaryPage 1
- Total monthly income$4,122.65
- BorrowerMaria Smith
- InvestorFannie Mae
InsidePages 2 to 4
Income worksheet, by yearOptions, the selected one markedConditions
Drawn from the web app with sample loans. Add a document later and run the loan again, at no charge.
Income typesWage earnerSelf-employed, Schedule CPartnership, 1065 and K-1Bank statement, 12 and 24 monthsOther income: ask us
What comes back
The number, the proof behind it, and what is missing.
The page and the line behind every figure.
A number in a cell can't be checked. In Rapidio every figure opens the page and the line it came from: net profit, the add-backs, the year. Check the line, move on.
The options side by side, with the method. One recommended.
Income can be calculated more than one way. Rapidio shows the options with the method and the years for each, recommends one, and marks the aggressive one review only. You select, and the loan records who did and when.
What the loan still needs, with the reason, before the lender asks.
Each condition names what the loan needs, why, and which borrower and income source it belongs to, so you find the gaps before the lender's underwriter does.
Not AI alone. Experienced underwriters stand behind the system. A loan that needs a human eye gets flagged for review, and borrower documents are seen only by the assigned internal underwriter, under NDA.
The product
Who it's for
The same loan, seen from 4 desks.
Brokers and loan officers
Know the number before the lender does.
The pain: the pre-approval was wrong, and the loan is re-priced or lost in underwriting. With Rapidio: the qualifying income, the most conservative option and what is missing, before you submit.
For brokersLenders and banks
One worksheet from every branch.
The pain: two underwriters, two numbers, and the loan waits. With Rapidio: every loan comes back in the same format, whoever ran it. A free pilot week, then your account and the API.
For lendersUnderwriters and QC
Review a finished worksheet.
The pain: a stack of returns and someone else's spreadsheet. With Rapidio: the page and line behind every figure, the options with the method, the conditions with the reason. You decide.
For underwritersDue diligence firms
The income piece of the pool.
The pain: every reviewer rebuilds the income by hand, their own way. With Rapidio: every loan in the pool recalculated to your rules, flagged where the figures differ. Start with 20 loans, free.
For due diligenceProcessors get one list of what to ask the borrower for, and a secure upload link to send. Not sure which desk is yours? One loan, five desks. Pick your desk
Customers
What changed for the teams that use it.
Customer result
Time per loan, as JetMo reported it to us
“The accuracy is phenomenal.”
Waseem B. · CEO, JetMo · customer testimonial
“… I find this super helpful and saves me so much time. I do not have to calculate income by hand. …”
“… This provides so much value and was exactly what I was looking for. No sales pressure or tactics, just genuine help.”
All reviews and the JetMo result More reviews on G2 More reviews on Capterra
In the news
Pricing
From $9.93 a loan in a bundle. $20 pay as you go.
One loan covers all its borrowers and income sources, any income type. Pay as you go, or take a monthly bundle and pay less per loan.
Pay as you go needs no call. You sign up and run a loan. Bundles are set up on a short call with our team. The bundle price per loan assumes you use every loan in the bundle. Lenders and due diligence firms get a price by volume.
Every loan includes
The same service at every price. Bundles only change what you pay per loan.
- Income calculated to the guidelines you pick
- Every figure open to its page and line
- The options side by side, one recommended
- Smart Conditions, with the reason for each
- Documents split and labeled, PDF or ZIP export
- Loan report as PDF or DOCX
- Run the loan again at no charge when a document arrives
- Human review when a loan is flagged, SOC 2 Type 1
For lenders and banks
Test Rapidio on your own loans before you commit.
A free pilot week on your own loans, with Rapidio's worksheet next to your underwriter's. Then your security review, your account set up for your programs and guidelines, the contract, and the API when you are ready. Your team reviews every result and makes the lending decision.
How a pilot runs
A free week on your own loans, then your account and your contract.
- A free pilot weekYour team runs its own loans and puts Rapidio's worksheet next to your underwriter's.
- Your account set upYour programs, guidelines and overlays, and the users and roles for your team.
- Contract and rolloutA price by volume, the web app for your team, and the REST API when you are ready.
Web app today, API when you are ready
Send documents through the REST API and get the loan report and the conditions back in your system.
- Send documents
- Job ID
- Webhook or polling
- Loan report and conditions
Security
How Rapidio protects borrower documents.
Running a vendor review? Write to service@rapidio.com and ask for the security policies.
FAQ
Questions before you run a loan.
Have another question? Write to service@rapidio.com or book a 30-minute call.
Will the lender's underwriter reach the same number?
Not always. The lender's underwriter makes the final call and may apply the lender's own overlays. Rapidio shows the most conservative option next to the recommended one, so you know the range before you submit, and every figure opens the page and line it came from, so the 2 calculations can be compared line by line.
How is Rapidio different from a free income calculator?
A calculator works from the numbers you type in, for one set of guidelines. Rapidio works from the documents: it splits and labels them, reads the figures, ties each one to its page and line, calculates to the guidelines you pick, and lists what the loan still needs.
Which guidelines and income types does Rapidio support?
Fannie Mae, Freddie Mac, FHA, VA and USDA guidelines, non-QM full doc for 1 and 2 years, and bank statement programs for 12 and 24 months. The income types are wage earner, self-employed on Schedule C, partnership with Form 1065 and Schedule K-1, and bank statement. If your borrower has another income type, ask us before you run the loan.
How long does a loan take?
Loans come back in as little as 3 minutes. A full bank statement package takes about 10 minutes. Timing depends on the income type and on how complete the documents are.
What counts as one loan?
One loan covers all its borrowers and income sources. A single W-2 borrower and a borrower with 2 businesses cost the same. Adding a document later and running the loan again costs nothing.
Does a person check the result?
Rapidio calculates the income from the documents. When a loan needs a human eye, it gets flagged for review and an experienced underwriter looks at it. Rapidio does not make the lending decision. Your team reviews the result and decides.
What does Rapidio cost?
From $9.93 a loan in a bundle of 15 a month, $20 pay as you go, any income type. No setup fee, no monthly commitment. Lenders and due diligence firms get a price by volume. The first loan is free.
How is borrower data protected?
Rapidio has a SOC 2 Type 1 report. Data is encrypted in transit and at rest. Access is role-based with 2FA. At Rapidio, borrower documents are seen only by the assigned internal underwriter, under NDA.
Does Rapidio have an API for our LOS?
Rapidio has a REST API. You send documents, receive a job ID, and get the loan report and the conditions back by webhook or by polling. Your developers or your LOS vendor connect it to your LOS. You can start in the web app and plan the integration later. Integrations and API.
What does Rapidio do?
Rapidio calculates mortgage qualifying income from borrower documents. You upload paystubs, W-2s, tax returns or bank statements and get back the income, the calculation behind it with the source documents, the options side by side, and a list of what the loan still needs.
Take a loan you already closed. Run it through Rapidio.
Compare our number and worksheet with yours. The first loan is free. Loans are back in as little as 3 minutes.