DTI & Income Verification - W2 Income Verification - Plaid

Plaid & DTI < 50%

If a successful connection is established and the DTI is below 50%, the borrower can keep moving forward without having any other additional steps.

Plaid & DTI > 50%

If a successful connection is established, however the DTI is still above 50%, the borrower will have a task in their To-Do list stating "Review your Loan. Improve your Debt-to-Income Ratio."

• They will click Start Task
• Then they will get a pop-up that will allow them to choose an option as below:
  • Reduce Loan Amount – The system will let the borrower know what they need to lower it to, in order to make the deal work.
  • Pay Off Debts – The borrower will be able to select liabilities to pay off. The DTI will reflect the payoff selections in real time.
  • Add Income – This allows the borrower to add additional income that wasn’t considered during the prequal.
  • Add Co-Borrower – They can add a co-borrower to combine incomes.

NOTE: If the above options do not work, and the DTI is still above 50%, the loan will be denied.

Unsuccessful Plaid 

If a successful connection via Plaid is not established, the borrower can proceed through Truework.