Mortgage Training; Income Calculations
Loan Originators,
I have a few questions for you:
How do you calculate Income? How do you do you document it? What do you ask the borrower when you take your application?
Loan Processors,
When you receive the file from the Loan Originator do you immediately verify the income? Do you make sure the income documents submitted match the application?
When the underwriter cuts your income do you find out why?
I've received a few questions regarding income and documentation. I was curious to know how people are handling their income calculation & documentation.
Live FHA Training available in various states. Mortgage training dates range from April-May. If you are looking to learn technique and theory than contact Alpha Mortgage Training. Our Courses were written by a team of mortgage underwriters with a combined 58 years of conventional and government experience. Our courses will not only help you produce more effective loans, but they will also help you increase your closing ratio.
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