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
- 2 hours
Recommended Attendees
- Entry level course: This course is most valuable for persons seeking an understanding of how to calculate income other than for standard salaried employees and self-employed borrowers.
- Target audience: Operations: Loan Coordinators, Loan Processors
Prerequisite
- None
Materials
- Calculating Income Beyond the Salaried Borrower-Presentation [PDF]
- Calculating Income Webinar Exhibits - Participant Download [PDF]
- Calculator
- Pen/Pencil
Questions?
- Contact Customer Training at 925.658.6155 or by email.
