About UberWriter


UberWriter is a cloud-based income analysis tool that helps underwriters process loans and manage data. It is primarily designed for mortgage officers to determine borrowers' income based on tax returns and bank statements.

Key features of UberWriter include credit review, training and compliance management. With the calculation module, users can classify different income types and conduct cash flow analysis. The training functionality enables mortgage firms to train professionals on areas like loan applications, property appraisals, fraud and risk management. Additionally, the Rest application programming interface (API) allows underwriters to upload data without manual intervention and generate tax return information.

UberWriter’s rental income tool can be used to manage borrowers across different properties and ensure guideline compliant income calculation. It is available on a one-time subscription basis and support is provided via phone and online help desk



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Supported Operating System(s):

Web browser (OS agnostic)

58 Reviews of UberWriter

Average User Ratings

Overall

4.64 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

4.5

Functionality

4.5

Ratings Snapshot

5 stars

(40)

4 stars

(17)

3 stars

(0)

2 stars

(0)

1 stars

(1)

Likelihood to Recommend

Not likely

Very likely

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Showing 1-20 of 58 reviews

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January 2019

Barb from Freedom Mortgage

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

3.0

Functionality

4.0

January 2019

Uberwriter Review

Overall the experience with Uberwriter has been very beneficial and has been a great tool in underwriting files.

Pros

The income report is easy to read for both me and loan officers or processors that may need to read them. The layout of the input is great and follows most paystubs and tax returns for self employed borrowers.

Cons

a bit cumbersome to start, but now that the learning curve is over it is good. There are only 3 true cons that I can think of, when you are inputting SSI, pension that type of income, Uberwriter defaults to grossing up which isn't used in all cases. For properties on the REO, if you have to delete an entry, it doesn't actually delete the entry you chose, but the one immediately below it and leaves the one you meant to delete. When you are inputting information that may have a tip that pops up in Uberwriter, it comes up every time you put data into that field. For example, other expenses under REOs when they have HOA dues. Not too much of an issue when there is only 1 or 2 other REOS, but when you have many more like 32 (yes that really happened) that is 64 times you have to click ok to acknowledge the message that pops up.

January 2019

Tammy from Bay Equity Home Loans

Company Size: 501-1,000 employees

Review Source: Capterra


Ease-of-use

5.0

Customer support

5.0

Functionality

4.0

January 2019

Excellent Underwriting Tool

I am in underwriting and I have noticed a marked improvement in the accuracy of the income figures calculated by the front-end staff. They are being warned when their income trends are of concern, are given recommended income to use for qualifying, and are told when they are entering figures in a field that is not typically used.

Pros

I like the option to pick my loan product, the ability to annualize variable income types, the comparitive analysis and solvency calculator. I appreciate the pop-up warning boxes when entering things in the "less common" fields - it is a great reminder to all of our processing staff to double check what they are adding.

Cons

I dislike the fact that when using certain income options for 1065 or 1120S companies, the corporate income (depreciation, amortization, etc) do not calculate into the total and we have to do that manually. I also think it is odd that the software has rounding issues - sometimes the income is off by 1 cent, so we have to select "user override" and type the amount in that field in order for the total to be accurate.

January 2019

Kimberly from FirstBank

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5.0

Customer support

5.0

Functionality

5.0

January 2019

Great for new and seasoned underwriters

Pros

The team at Uberwriter are extremely responsive and great to work with. They keep up with the guideline changes made by all of the agencies and update the income calculator quickly. Because things can change a good bit, having the changes in red with the guide reference is extremely helpful. There is no kind of income that can not be consistently calculated with Uberwriter, regardless of the users experience level.

Cons

The only changes I would like to see made in Uberwriter are a net income calculator by state for VA loans, a calculator built in for more accurate percentage of non-taxable earnings when grossing up this type of income, and possibly an option for 80/20 meals & entertainment for over the road truck drivers. Overall, there is nothing I don't like about using Uberwriter. Keep up the great work!

January 2019

Tom from NOVA Home Loans

Company Size: 501-1,000 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2019

January 2019

Great evidence we thoroughly reviewed the income and debt portion of the loan file. So far every outside auditors have been impressed with our files.

Pros

Easy to use.
Follows agency guidelines.
System and income warnings appear to be updated regularly.
Tutorials available to staff.
Income trending - Makes it easy to compare to agency guidelines. Might consider including the income trending graph on/in the output.

Cons

Because we are post-closing, all our review documents are converted to a PDF and saved to a individual borrowers file. Sometimes the printed material on the report will be split between two pages. Also, at times there is a lot of pages printed with no information on them. Example - File number 457480/loan number 0922193901

January 2019

Samad from Better.com

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

4.0

Functionality

5.0

January 2019

Income calculations

It is very useful to train the new underwriters and in case of any update or complicated situations provided video works great in solving the doubts.

Pros

It is very easy to calculate the income on uberwriter and the beautiful thing is you will get a detailed report generated which you and further reviewer of the loan can check.

Cons

It gets like a processing work mostly in rental income calculation.Underwriter always love the reverse calculation in rental income starting from the net rental income and then adding back the insurance,taxes, interest, and depreciation etc.

January 2019

Kushal from Better Mortgage

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2019

UberWriter - Amazing underwriting tool!

UberWriter is one of 'The Best' product I have ever used in my career in the Mortgage Industry.

Pros

The ease of use is no match with other sheets or software used anywhere in this industry. Additionally, it is helpful in taking an appropriate decision in terms of income as it minimizes errors and provides helpful pop up which indeed helps a lender avoid repurchases.

Cons

There are no cons for this; however, the navigation can be improved further. Summary of borrower and co-borrower income can be placed side by side followed up by detailed analysis .

January 2019

Jean from Heritage Bank NA

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2019

Uber Writer = Income analysis + Easy

This software helps us with compliance especially with regard to fair lending. It helps my lenders ensure that they look at income on every loan the same way.

Pros

I love that it consistently updates to the changes in rules and regulations for representatives. I love that I know that my income calculations will be the same no matter who on our team calculates it. That consistency is vital to fair lending, compliance and overall a strong loan portfolio!

Cons

One update made it so that you now have to change it every time you want to search all files. I was hoping that down the road I will be able to set my preferences. I review many people's work, so it would be nice to not just search the recent files.

January 2019

Kapil from Better Mortgage

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2019

UberWriter

As per organization, this is a useful tool for the mortgage industry. We can do perfect income calculations from this tool including wage & self-employment as well. Also, UberWriter provides the perfect income calculation hence we need to do any second thought which is a best part of UberWriter.

Pros

This software is easy to use and user friendly.

Cons

UberWriter should change some graphical effects those will increase more interest to use this tool for the mortgage income calculations. Also, UberWriter can update with the income calculation formulas which will reflect into UberWriter.

January 2019

Richa from Accenture

Company Size: 10,000+ employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2019

Easy to use

Overall the experience with Uberwriter has been very beneficial and has been a great tool in underwriting files.

Pros

It's helpful and easy to use. The income report is easy to read for both me and loan officers or processors that may need to read them. The layout of the input is great and follows most paystubs and tax returns for self employed borrowers.

Cons

Not too much of an issue. Sometimes documents are converted to a PDF and its shows some error and printed material on the report will be split between two pages.

January 2019

Pam from FirstBank

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

4.0

Customer support

5.0

Functionality

4.0

January 2019

So Helpful

The customer service level is above and beyond what I would expect - while the website may not always function perfectly, I always get a timely and personal response when I email for help.

Pros

What I like most about Uberwriter is that it has so many different calculations available for me in one place.

Cons

There is no option for calculating income from assets for USDA loans. There is one that can be used for 401k type income, but when calculating Annual Income for USDA, that is not the only type of asset we have to look for.

January 2019

Patricia from FirstBank Mortgage

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

4.0

Customer support

5.0

Functionality

4.0

January 2019

Uber Use

I resisted using it at first because I had my set way of calculating everything but once I started using it, I couldn't believe how easy it is and how much time it saves me!

Pros

The breakdown of sections for each type of income and for REO are fantastic!

Cons

Calculations when there are gaps in employment can't be adjusted (#of mos to consider). Several times I've had a borrower who left a company and then came back in the same yr and there is no way to analyze but on the pro side, you can go in manually and adjust averages.

January 2019

Cristina from Freedom Mortgage

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5.0

Functionality

5.0

January 2019

UberEasy

In my opinion, it has really helped improve the UW process by making it more efficient.

Pros

I like report that is provided that shows the break down of the income calculation. I like all the features it provides and how Uberwriter can tailor to different loan products and customize each income calculation recommendations to coincide with the loan product.

In addition, when a calculation has been inputted previously it's less work if the data is inputted correctly.

Cons

There's not much to say about what I least like, but I did not like that if I had previously input an income calculation, someone else can change it after me within the same calculation report; however, there is a new feature where the calculation report can be copied and worked on with out altering the original report.

January 2019

Anonymous

Verified Reviewer

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2019

Best Income Calculation software for UW

It provides us best Income calculation experience. This is very accurate software to calculate Income.

Pros

1. It is the best software so far I have used for Income calculation.
2. It provides all logics with the explanation, How Income should be calculated.
3. It explains all FNMA guideline related to Income with proper logic.
4. One can understand Income guideline better in Uberwriter then FNMA guidebook

Cons

As of now I see nothing which I like least in Uberwriter

January 2019

David from East West Bank

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

January 2019

Awesome income software program

It help me solved some 1120s, 1065 income and simplify the income I can use

Pros

Everything about the software is awesome! Ever since I became a user back in 2016, my income calculations have gotten better, and my understanding of income has improved! I would recommended this program to any mortgage company, Loan officer, or loan processor

Cons

Nothing much I can say, but it’s an awesome income software, best one out there.

January 2019

Dawn from Freedom Mortgage

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

4.0

Customer support

5.0

Functionality

4.0

January 2019

I Love UberWriter

Pros

I like from beginning of the process to the end the income worksheet is shared with all colleagues that have access to UberWriter.
I also like that UberWriter stays up to date with guideline changes so if you choose the right program the application is set up for that particular program.

Cons

The only thing I wish had additional fields is the regular employed borrower. We have several employees that receive additional types of pay and there is no designated spot for that. i.e. Auto reimbursement. Night Diff. Longevity. etc.