Capital One Services, LLC

Vijay Pasam

Saira Zaman

Landon Nehmer

Kartheek Yelamarthi

Kushal Pillarisetty

Fnu Aruhan

Hilda Huang

Jyothsna Bhima

Disclosed embodiments provide systems, methods, and devices for verifying income of a loan applicant. The embodiments comprise receiving an application for a loan for an applicant. The method further comprises approving the application based on a first income and requesting second income data specifying a second income. The method comprises receiving the second income data, and requesting, third income data specifying a third income. Further, the method comprises receiving the third income data. The method compares the first income to the third income and determines, if the second income is less than a predetermined portion of the third income, whether the approved application should be modified, based on at least the first, second, and third incomes. The method comprises confirming the first income, if the second income is at least equal to the predetermined portion of the third income. The method comprises notifying the applicant of the determination or confirmation.

Systems and methods for intelligent income verification to improve loan contract funding

Growing community of inventors

McLean, VA, United States of America

Vijay Pasam