LenderAnalyzer is the income-analysis layer behind non-QM lending. Upload the alternative-income documents non-QM borrowers bring, personal and business bank statements, CPA profit-and-loss statements and asset statements, and get qualifying income, cash flow and deposits computed and traceable to the source, so your underwriters spend their time on program judgment instead of adding up two years of deposits by hand. Self-serve from $99 a month.
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Non-QM lending exists because millions of creditworthy US borrowers, self-employed business owners, real estate investors, contractors and retirees, cannot document income the way an agency loan demands. Instead of a W-2 and two years of clean tax returns, they prove repayment another way: 12 or 24 months of bank statements, a CPA-prepared profit-and-loss, the cash flow of a rental property, or a pool of liquid assets drawn down over time. That flexibility is the whole product, and it moves the work from a checklist to a calculation. Every non-QM program turns on getting a defensible income or cash-flow figure out of documents that were never designed to state it, and today most lenders and brokers build that figure by hand in Excel: totaling deposits, backing out transfers, applying an expense factor, reading a P&L, dividing assets over a draw period. It is slow, it varies by processor, and a single miscount changes the debt-to-income ratio the approval rests on. Non-QM underwriting software automates that analysis. LenderAnalyzer reads the alternative-income documents a non-QM file is built on, personal and business bank statements, profit-and-loss statements, and financial and asset statements, extracts every figure, separates real income from transfers and non-recurring credits, applies the expense factor your program uses, and returns qualifying income, cash flow, average balances and existing debt already computed, each value linked back to the source page. An underwriter reviews the analysis instead of rebuilding it. It is honest about scope. Non-QM loans still run through a mortgage loan origination and point-of-sale system, your program guidelines set the rules, and the credit decision, the DSCR property calculation, pricing, disclosures and the ability-to-repay determination Dodd-Frank still requires stay with your team. What LenderAnalyzer covers is the document analysis underneath the file: turning bank statements and P&Ls into clean, auditable income. It is self-serve from $99 a month, so a non-QM lender, correspondent or broker automates the analysis on every program without an enterprise rollout, and results export to Excel or flow into your system over a REST API.
Non-QM is not one loan; it is a family of programs that each prove income a different way. The common thread is that the qualifying figure comes out of documents by calculation, which is exactly where analysis software earns its place. Here is how the main programs work and where the bottleneck sits.
A non-QM loan is any mortgage that does not meet the Consumer Financial Protection Bureau's qualified-mortgage standard, usually because income is documented an alternative way rather than with tax returns and a debt-to-income ratio inside agency limits. Non-QM does not mean unregulated: these loans still owe the ability-to-repay determination under Dodd-Frank, so the lender must still verify the borrower can afford the payment, just with different evidence. That evidence, bank statements, a P&L, property cash flow or assets, is what has to be read and computed on every file.
The main non-QM programs each use a different document. Bank statement loans qualify a self-employed borrower on 12 or 24 months of deposits. DSCR loans qualify a rental property on its own cash flow, gross rent against the payment, with no personal income at all. P&L loans use a CPA-prepared profit-and-loss with light bank-statement support. Asset-depletion or asset-qualifier loans convert a pool of liquid assets into monthly income over a draw period. 1099 programs qualify contractors on their 1099 income. Different documents, same underlying job: extract the numbers and compute a qualifying figure.
On most non-QM programs the slow step is not the decision, it is getting to a clean income number. A bank statement borrower is two years of deposits to total and reconcile; a P&L borrower needs the statement read and cross-checked against the account activity; an asset borrower needs the statements pulled together and the draw computed. That work is repetitive, high-volume and auditable, the kind of task where hand-keying is both the slowest part and the most common source of error. LenderAnalyzer reads the documents and computes the figure, so the underwriter starts from analysis rather than a stack of PDFs. For the bank statement program specifically, see our bank statement loan underwriting software.
Analysis software computes income; it does not originate the loan. LenderAnalyzer returns qualifying income, cash flow, balances and existing debt from the documents, but it is not a mortgage LOS or POS: it does not run the DSCR property ratio against your pricing grid, order appraisals, generate disclosures, lock rates or issue the approval. Those stay in your origination system and with your underwriters, along with the program eligibility and ability-to-repay call. The value is a clean, traceable income figure feeding the decision, not the decision itself.
The main non-QM programs, the document each qualifies on, and what LenderAnalyzer computes from it. Last updated July 2026; program guidelines vary by lender, so confirm each against your own overlays.
| Program | How income is documented | Typical borrower | What LenderAnalyzer computes |
|---|---|---|---|
| Bank statement loan | 12 or 24 months of personal or business bank statements | Self-employed business owner | Eligible deposits, excluded transfers, expense factor, qualifying income |
| DSCR loan | Property cash flow: gross rent against the payment, no personal income | Real estate investor | Borrower cash flow and reserves from statements; the rent-to-payment ratio stays a lender calc |
| P&L loan | CPA-prepared profit-and-loss with light bank-statement support | Established self-employed borrower | P&L figures read and cross-checked against account activity |
| Asset depletion | Liquid assets divided over a draw period to create income | Asset-rich or retired borrower | Balances and average liquidity pulled from the asset statements |
| 1099 loan | 1099 income for contractors and gig workers | Independent contractor | Deposit income and cash flow from the statements behind the 1099 |
Comparison compiled by LenderAnalyzer from public vendor materials, June 2026. Competitor names are trademarks of their respective owners; figures may change, so verify current details with each vendor.
Computed deterministically from every extracted transaction, every figure traceable to its source line.
Computed across the full statement period, carried forward day by day.
Deposits vs withdrawals and net flow, broken down month by month.
Every insufficient-funds and overdraft incident counted, with fees totaled.
Recurring deposits grouped into income streams with estimated monthly amounts.
Debits to other lenders and funders detected and totaled per month.
Days below zero across the period, a direct stress signal.
The biggest credits with dates and sources, concentration flagged.
Automatic red and yellow flags your analysts can review in seconds.
Drop in PDFs, scans or photos, one statement or a multi-month package, from any bank.
Every transaction is extracted, then cash flow, balances, income streams, NSF activity and debt payments are computed.
Read the underwriting snapshot, download the Excel report, or pull structured JSON into your LOS via API.
28 lending document types extracted out of the box, build the complete picture of an applicant's financial situation.
Common questions from lending and credit teams.
Non-QM underwriting qualifies a borrower who does not fit the qualified-mortgage standard, usually by documenting income an alternative way rather than with tax returns and an agency debt-to-income ratio. Instead of a W-2, the lender uses bank statements, a CPA profit-and-loss, a rental property's cash flow or a pool of liquid assets to prove repayment. The loan still owes an ability-to-repay determination under Dodd-Frank; only the evidence differs.
The main programs are bank statement loans, which qualify a self-employed borrower on 12 or 24 months of deposits; DSCR loans, which qualify a rental property on its own cash flow with no personal income; P&L loans, using a CPA profit-and-loss; asset-depletion loans, which convert liquid assets into income over a draw period; and 1099 loans for contractors. Each proves income with a different document, but all require that document to be read and computed into a qualifying figure.
Non-QM lenders run loans through a mortgage loan origination and point-of-sale system for workflow, disclosures and pricing, and many pair it with a document-analysis tool that computes the qualifying income from bank statements and P&Ls. LenderAnalyzer is that analysis layer: it reads the alternative-income documents a non-QM file is built on and returns income, cash flow and existing debt, traceable to the source, so underwriters review the numbers rather than key them.
It depends on the program. A bank statement loan totals eligible deposits over 12 or 24 months and applies an expense factor to business accounts. A P&L loan reads a CPA profit-and-loss. A DSCR loan skips personal income and uses the property's rent against its payment. An asset-depletion loan divides liquid assets over a draw period. In every case a defensible number has to be computed from documents, which is the step LenderAnalyzer automates.
It handles the document side, not the property ratio. For a DSCR loan, LenderAnalyzer reads the borrower's bank statements to compute cash flow and confirm reserves, which the file still needs. The DSCR itself, gross rent divided by the housing payment, is a simple lender calculation driven by the lease and your pricing, and it stays in your workflow. So LenderAnalyzer supports the borrower-side analysis on a DSCR file rather than replacing the property underwriting.
Yes, and it is the highest-volume, most repetitive part of a non-QM file. Totaling two years of deposits, excluding transfers, applying an expense factor, reading a P&L or dividing assets over a draw period are all rule-based calculations. AI reads the documents, extracts the figures and computes the qualifying income, with the underwriter reviewing rather than re-keying. Program judgment, overlays and the credit decision stay with your team.
Document-analysis tools range from metered per-document enterprise pricing to flat self-serve plans. LenderAnalyzer is self-serve and transparent at $99 to $399 a month, with about 50 percent off annual billing, so a non-QM lender, correspondent or broker can start computing qualifying income across bank statement, P&L and asset files the same day, with no contract and no sales call.
No. LenderAnalyzer is the income-analysis layer, not a loan origination system. It computes qualifying income, cash flow and existing debt from the borrower's documents, but it does not run the origination workflow, price or lock loans, order appraisals, generate disclosures or issue the approval. Those stay in your LOS and POS. LenderAnalyzer feeds them a clean, traceable income figure, self-serve, so the manual document analysis stops being the bottleneck.
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