IncomeXpert PLUS allows users to upload borrower tax returns and income documentation. IncomeXpert supports all agency income types, however IncomeXpert PLUS only supports the following subset. All uploaded documents must meet the the following document requirements.
Documents containing unsupported income types will not result in income calculators being created or populated with data.
Supported Income Types
- Sole Proprietor (Schedule C)
- Real Estate Rental Income (Schedule E)
- K-1 Partnership Income (Form 1065)
- K-1 S Corporations Income (Form 1120S)
- Corporation Income (Form 1120)
- Farm Income (Schedule F)
- Employment base pay only if Paystubs and W-2 are submitted
- Employment variable pay if VOE/VOI or Year End Paystubs are provided
- Social Security Retirement Income if award letters or IRS 1099R are provided
- Pension Income if award letters or IRS 1099R are provided from a third party funded pension (will not accept 401K/IRA/SEP due to continuance testing)
- Military Pay if LES and W-2 are provided
Unsupported Income Types
- State tax returns
- Foreign income
- Divorce decrees
- Military discharge papers