Understand what Sonar can do for your business

We've curated answers to some of our most frequently asked questions

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About Sonar
What is Sonar?

Sonar is an all-in-one mortgage origination platform meant to streamline every step of the process. Sonar combines an LOS and POS technology into a single digital platform with 30+ API integrations—making it easy to make sure your customers qualify.

How Does Sonar Work
What documents are needed for underwriting?

Before underwriting, mortgage applicants will need to submit documents including:

  • Forms of identification, such as an ID or passport
  • Income documentation, including paystubs, W-2 or 1099 forms, and tax returns
  • Sourcing funds for the downpayment
  • Documentation of debts or obligations, including alimony and child support
  • Sales contract for the new home or a mortgage statement for refinancing

About Loan Origination Systems
How does a loan origination system work?

A loan origination system is designed to usher a loan application from origination to closing. An LOS helps mortgage brokers and lenders generate loan documents that comply with both regulatory and internal requirements, as well as monitor loan progress, house documents, and automate workflows.

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