Basics of Income

Mon Jan 06, 2020
Attend this foundational session to learn how to calculate the most basic types of income including: base income, hourly pay including overtime, commission, bonus income, and tip income.

In this course you will learn to: 
•	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


Date 01-06-2020 MDT

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