Underwriting

Why income validation fails — and how Kirk Donaldson plans to fix it 

Kirk Donaldson is no stranger to solving  problems. As the CEO and founder of Halcyon, Kirk has spent over two decades building solutions that help lenders operate with more confidence and less friction. His latest venture brings a solution to one of the industry’s biggest headaches: income validation. In this executive conversation, Kirk explains why so many post-close income validations fail, how Halcyon’s partnership with Fannie Mae tackles that issue at scale, and what lenders can gain from moving away from outdated processes.