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MPF Webinars

Radian Presents: Basics of Income

May 12, 2020
2:00 PM – 3:00 PM EST

Overview

In this foundational session presented by Radian, you will learn how to calculate the most basic types of income including: base income, hourly pay including overtime, commission, bonus income, and tip income.

You will learn:

 

Calculate base pay and discuss the nuances of including additional income sources, such as overtime, commissions and bonus pay.

 

Document income based on GSE requirements and when to compare to your company’s guidelines.

 

Analyze the VOE to assess the borrowers pay history and employment status for the purposes of income qualification.

 

How to address part time or secondary income types, employment gaps, unemployment benefits and contractual employment.

 

Gain a deeper understanding of the risk levels associated with income and employment.

 

Who should attend?

The presentation is recommended for:

 

Loan Officers

 

Processors

 

Underwriters

 

Quality Control Staff

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