Calculating Income Beyond the
Salaried Borrower
Description
This webinar examines how to calculate various income types beyond what is reported on the standard W-2, such as bonus, overtime, commission, and social security income. We also focus on how to identify required documentation and potential red flags in standard income documentation. Practice exercises are included.
Agenda
- Importance of proper income calculations
- Overview of independent verifications required to calculate income
- Income Calculations for various types of borrowers
- Calculating income and red flag identification w/practice exercises
Length
- Webinar: 2 hours in length
Recommended Attendees
- This course is most valuable for loan processors and loan officers
Scheduling Process
Materials
- Calculator
- Pen/Pencil
- Calculating Income Beyond the Salaried Borrower-Presentation [PDF]
- Calculating Income Webinar Exhibits - Participant Download [PDF]
Questions?
- Contact Tina Callisto at 925.658.6836
Mortgage insurance discussed in this website is underwritten by PMI Mortgage Insurance Co. in all states except New York and by PMI Insurance Co. in New York.
