Newfi Wholesale Launches “Income IQ” – Revolutionary Automated Bank Statement Analysis

EMERYVILLE, CA, October 20, 2025 –Today Newfi Wholesale launched “Income IQ”, a first-of-its-kind automated Bank Statement Analysis tool designed to revolutionize how brokers and lenders review self-employed borrower income. Integrated directly within BLU, Newfi’s proprietary broker loan portal, Income IQ delivers faster, more secure, and detailed income analysis—streamlining one of the most time-consuming parts of the Non-QM loan qualification process.

 

“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, EVP, Technology at Newfi. “Newfi is leading Non-QM innovation and pushing the boundaries of what’s possible in mortgage lending technology.”

 

Calculating bank statement income is a key part of self-employed loan structuring and originations. Before Income IQ, loan officers fully relied on Account Executives or Bank Statement Desk personnel involvement to deliver results or attempted to calculate on their own. Income IQ allows originators to upload borrower bank statements 24/7 and receive reliable income analysis results quicker than ever, still utilizing oversight by an experienced Bank Statement Desk team.

 

“We’re committed to improving the broker experience with Non-QM loans”, said Steve Abreu, CEO & 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.”

 

Key Benefits of Income IQ:

 

• Reliable Income Analysis: Results will alert users to any missing bank statements, calculate based off of percentage of their business owned, run analysis on personal or business bank statements, and show 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: Receive results in a fraction of the time—no more back-and-forth. Just simple, clean results delivered to the broker.
• Keep Track of Your 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.

 

Income IQ reinforces Newfi Wholesale’s commitment to combining innovative technology with a best-in-class lending experience—helping brokers serve self-employed borrowers faster, more efficiently, and more securely than ever before.

 

About Newfi Wholesale NMLS 1231327

Newfi Wholesale is a leading wholesale mortgage lender committed to supporting the success of mortgage brokers and loan officers nationwide. Through a combination of diverse product offerings, innovative technology, and dedicated support, Newfi Wholesale provides their partners with the tools they need to succeed.