The process of analysis of a borrower’s income for mortgages is one of the best documented processes in the lending...
Borrowers who have contributed to the US Government Social Security program may qualify for retirement, disability, or survivors benefits. The...
There are four steps on how to calculate income for self-employed borrowers. Borrowers who are self-employed have two distinct roles...
IncomeXpert supports the grossing up of income outlined in the guidelines. The amount the income can be grossed up depends...
A common issue in mortgage operations teams is a habit I call “Guideline Lumping.” This is when we don’t slow...
Yes, tip income can be used as part of your qualification, provided that these tips are properly reported. It’s important...
Underwriting is tough. Underwriters have a mountain of information to remember and apply correctly on each and every loan they...
How to calculate qualifying income? That phrase is uttered by many mortgage professionals, but the term is incorrect. The truth...
As an operations professional, you know that automated income analysis can make your organization run more smoothly and efficiently. However,...
As lenders, we have all heard of reps and warrants and programs like Day One Certainty (D1C), but do we...
Fannie Mae provides a service called Income Calculator which will analyze selected self-employed income and provide a qualifying income. Using...
