Newfi Launches Automated Bank Statement Analysis Tool – NMP Skip to main content

Newfi Launches Automated Bank Statement Analysis Tool

Oct 22, 2025
Photo credit: Getty Images/Gearstd

New Non-QM tech offering launched to streamline and automate the income analysis process

Newfi Wholesale has launched “Income IQ,” an automated bank statement analysis tool designed to deliver a faster, more secure, and highly detailed income analysis — streamlining one of the most time-consuming parts of the Non-QM loan qualification process. Income IQ is integrated directly within Newfi’s proprietary broker loan portal, BLU.

“Income IQ is a major leap forward in Non-QM lending technology and leveraging automation to provide a lift in the loan process,” said Amit Pall, executive vice president of technology for Newfi. “Newfi is leading Non-QM innovation and pushing the boundaries of what’s possible in mortgage lending technology.”

Income IQ allows originators to upload borrower bank statements 24/7, and receive a reliable income analysis from an experienced Bank Statement Desk team.

“We’re committed to improving the broker experience with Non-QM loans,” said Steve Abreu, chief executive officer and founder of Newfi. “Income IQ is a faster, more secure, and seamless experience for our broker partners — allowing them to deliver results, and close loans with greater speed and confidence.”

Several highlights of Income IQ include:

  • Reliable Income Analysis: Results will alert users to missing bank statements, calculate based off of percentage of their business owned, run an analysis on personal or business bank statements, and display deposit calculations for 12- or 24-month bank statement programs.
  • Self-Serve Platform: Brokers can submit bank statements directly into Newfi’s broker portal BLU at any hour and get results delivered directly to them.
  • Borrower Data Protection: Avoid emailing sensitive borrower information by submitting bank statements securely through the broker portal.
  • Speed to Calculate: Brokers can receive results in a fraction of the time, with no more back-and-forth.
  • Keep Track of Loans in Process: Income IQ keeps record of each analysis completed and allows loan officers to register a loan when they’re ready directly from the results screen.
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Published
Oct 22, 2025
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