For underwriters and QC
Review a finished worksheet. Spend your time on the decision.
A self-employed loan lands on your desk as a stack of returns and someone else's spreadsheet. Rapidio sends it as a finished worksheet: every figure with its page and line, the options with the method, the conditions with their reasons. You check the work and decide.
No card to start. From $9.93 a loan in a bundle, $20 pay as you go.
“The accuracy is phenomenal.”
Income by tax yearDeclining income
- Metric20252024
- Net profit, line 31$49,500.00$68,500.00
- Adjusted annual total$51,100.00$70,550.00
- Monthly$4,258.33$5,879.17
OptionsYou pick
- 12-month average, recent yearMost conservative · Recommended$4,258.33
- 24-month averageAggressive$5,068.75
Mortgage teams and associations that work with Rapidio
What you review
The work is laid out. You check it.
Five screens, drawn from the web app with a sample loan. Click a step, or let it play.
Behind $49,500.00Net profit, 2025
- Schedule C (Form 1040) · 2025Page 3
- 13Depreciation and section 179 expense deduction$1,600.00
- 31Net profit or (loss)$49,500.00
Also behind this worksheetOpen any of them
- Schedule C, 2024 · line 31Page 7
- Form 1040, 2025Page 1
Qualifying income optionsRapidio recommends one
- 12-month average, recent yearMost conservative · Recommended · Years: 2025$4,258.33
- 24-month averageAggressive · Years: 2025, 2024$5,068.75
The method, written downDeclining income
- Average monthly income based on the most recent full year, used when income has declined or only one year is available.
Smith's Home Construction LLCOwnership 50%
- Form 1065 + K-120252024
- Ordinary income (loss)–$13,875.00—
- Guaranteed payments to partner$50,750.00—
- K-1 earnings$36,875.00—
- Depreciation, added back$48,760.00—
- Liquidity, current ratio3.56—
- Monthly income$5,104.58—
Form 1065Schedule K-1 (Form 1065)2024 return: see conditions
Smith's Home Construction LLCCritical · 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: 2024 K-1 missingOpen
- Review. Liquidity testing Informational: passed, current ratio 3.56Review
Conditions2 closed on their own
- Most recent 2 years of Form 1065 and all attachmentsClosed
- Most recent 2 years of Schedule K-1 from Form 1065Closed
- Review. Source of the $28k deposit in May 2026Open
Drawn from the web app with a sample loan. The loan report goes out as PDF or DOCX with the loan.
The worksheet readsPaystubs and W-2sForm 1040, Schedule CForm 1065 and Schedule K-1Bank statements, 12 and 24 monthsOther income: ask us
Where the hours go
Three things that eat an underwriter's day. What you get instead.
Someone else's spreadsheet.
A number in a cell, and no way to tell which return it came from. In Rapidio every figure opens the page and the line behind it: net profit, the add-backs, the year. Check the line, move on.
The declining-income argument.
Which year, which average, and an email thread about it. Rapidio flags the drop, recommends the most conservative option, writes the method down, and keeps the other option next to it. You select, and the loan records who did and when.
Conditions without a reason.
A condition that says what but not why comes back with the wrong document. Each Rapidio condition names what the loan needs, why, and which borrower it belongs to, so the processor asks for all of it at once.
Compared
Against the returns and the spreadsheet.
What changes on a self-employed loan when it arrives as a finished worksheet.
Not AI alone
Experienced underwriters stand behind the system.
A loan that needs a human eye gets flagged for review. At Rapidio, borrower documents are seen only by the assigned internal underwriter, under NDA.
- Your selection stays on the loan, with who made it and when
- One assigned internal underwriter, under NDA
- The result comes back in the same worksheet format
- The lending decision stays with you
For QC and post-close
Run the sample as a pool. Compare the figures.
Ask us to switch pools on for your account. Then group the month's QC sample into a pool and run it. Every loan comes back in the same format, so the reviewer puts Rapidio's figure next to the figure in the loan and sees where they differ, with the page and line behind each. Open the pool to see what is inside.
- The investor guidelines, named on every loan report
- The options side by side, the selected one marked
- The document and the line behind each figure
- Who selected the option, and when
- Conditions with the reason for each, PDF and DOCX export
More about the product
FAQ
Questions underwriters ask.
Have another question? Write to service@rapidio.com or book a 30-minute call.
I don't trust a number I didn't calculate. Why would I use this?
You don't have to trust it. Every figure opens the page and the line it came from, the method of each option is written next to it, and the add-backs are listed line by line. You check the work the way you would check a junior underwriter's, select the option that fits the loan, or change nothing and decline. The worksheet shows the work. The decision is yours.
Can I choose an option other than the recommended one?
Yes. The options sit side by side with the method and the years for each. You select the one that fits the loan, and the loan records who selected it and when.
How is declining income shown?
Both years sit side by side, the drop is flagged, and the recommended option uses the most recent full year, the way the guidelines ask when income has declined. The 24-month average stays next to it, marked aggressive, with its years named.
What if I disagree with a figure?
Open the document behind it. Every figure links to the page and the line it came from, so you can see how the figure was reached and decide what to use.
How does Rapidio handle 2 businesses or 2 borrowers?
Each business gets its own worksheet, with its own years and add-backs, and the loan gets one total across borrowers and businesses.
Which Schedule C lines are added back?
The add-backs the investor guidelines allow: depreciation, depletion, business use of home and the business-mile allowance, applied to net profit to give the adjusted annual total. The worksheet lists them line by line, and you open the return behind any of them.
What happens when a document arrives later?
Add it to the same loan and run it again, at no charge. The conditions the new document answers close on their own, and the rest you can close by hand.
Can QC run a sample of closed loans?
Yes. Pools are switched on for your account on request. Then you group the loans into a pool, run it, and open the pool to see what is inside. Every loan comes back in the same format, so the reviewer compares Rapidio's figure with the figure in the loan and sees where they differ.
Bring a self-employed loan with 2 businesses. Check each figure against its line.
Run it through Rapidio and open the document behind every figure. The first loan is free.