Correctly Calculating The Borrower’s Income
$50.00
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Believe it or not:
One of the top reasons loans are returned or denied by lenders is the improper calculation of the borrower’s income.
Regardless of whose mortgage software you’re using, your software can’t look at the borrower’s income documentation and apply underwriting rules on what’s acceptable and what’s not.
Only competent originators and processors can review the borrower’s income and decide if it’s acceptable or not.
Instructor: Kathy Lewis
Duration: 1:38 Hrs
Access: 3 Month Unlimited Access
Manual: Yes – Downloadable
Case Studies: Yes – Downloadable
Testing: Yes
Certificate: Awarded after online testing
Easy to use and to learn
Kathy Lewis’s presentation is easy to follow and is synchronized to your online and downloadable manual with case studies.
Printed Manual and case studies included with the CMS program.

20% Declining Income Rules: When you need to use them
The allowable differences in combining W-2’s and 1099s
When and how to average different incomes over past years and months
When and how to average commissions

Still Not Sure Yet?
Having a loan denied for a rookie error is embarrassing and could cost you more than $3000.00 in commissions.
$50.00Add to cart