What Are Smart Conditions — And How They Help You Clear Underwriting Faster
Rapidio flags missing docs, guideline gaps, and income inconsistencies before submission — so you reduce suspense, cut callbacks, and move files through UW faster.
✅ What Are Smart Conditions?
Smart Conditions are automatically generated documentation and clarification requests produced by Rapidio’s AI mortgage income calculator. As soon as docs are uploaded and income is calculated, Rapidio evaluates the file and surfaces a clear list of what’s needed to submit a clean, complete package to underwriting.
- Missing or incomplete documentation
- Discrepancies across income sources or years
- Unverifiable or inconsistent income
- Requirements driven by the selected guideline (Fannie Mae, Freddie Mac, FHA, VA) or your overlays
🔍 How Do Smart Conditions Work?
Document AI
AI classifies and identifies uploads (pay stubs, 1040s, W-2/1099, K-1, leases, VOE, bank statements) and extracts key income fields.
Guideline Logic
Applies the investor/lender program you select — so conditions align with Fannie/Freddie/FHA/VA or your internal rules.
Pattern Analysis
Finds inconsistencies (e.g., declining variable income, insufficient history, gap in receipt) and flags them early.
Coverage Review
Checks for document completeness and recency, prompting for missing attachments or outdated evidence.
Output: A prioritized list you can clear before submission — cutting suspense and resubmits.
🧠 Examples of Smart Conditions in Action
🏢 Wage Earner + Bonus
“Variable income appears on the most recent pay stub. To use it, provide a WVOE with breakdown or two Year-End pay stubs.”
🧾 1099 / Schedule C
“Missing the last two years of 1040s with Schedule C. Upload full returns with all attachments.”
🏠 Rental (Schedule E)
“Lease provided lacks the monthly rent. Upload a current signed lease showing rent amount.”
🧓 Retirement
“Pension income appears on 1040, but no award letter/1099-R. Provide award letter or most recent 1099-R.”
🏢 S-Corp / Partnership
“K-1 missing for listed ownership. Upload all K-1s and YTD P&L if required by program.”
🏥 Shift Differentials
“Overtime/shift differential present. Provide VOE detailing variable pay history and likelihood of continuance.”
💡 Why Smart Conditions Matter
- Catch issues early — avoid last-minute surprises in underwriting.
- Speed submission — know exactly what’s missing and request it now.
- Improve file quality — deliver cleaner, guideline-aligned packages.
- Reduce suspense — fewer callbacks, redraws, and resubmits.
- Close faster — smoother handoffs and better pull-through.
Avg Turnaround
~17 minutesManual Work
↓ 60–120 mins/fileCallbacks
↓ Fewer🔧 Customize Conditions for Your Team
- Internal overlays: minimum histories for OT/bonus/commission, declining-trend rules, documentation standards.
- Program posture: tailor to investor overlays or in-house guidelines.
- Integrations: API/SFTP and LOS/POS connections to enforce consistency.
- Whitelabel: present Rapidio as your branded experience.
🔁 Where Smart Conditions Fit in the Workflow
- Upload documents (mixed PDFs are fine—our Document AI will classify).
- Select guideline (Fannie/Freddie/FHA/VA or overlays).
- Review Smart Conditions and request items immediately.
- Submit to UW with a cleaner, underwriter-ready package.
- Iterate fast — QC-reviewed results keep everyone aligned.
