Professional Development Online Self-Paced

Assessing Income for Salary and Hourly Employees ~ E3

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About this Course

Accurately calculating borrower income is a key component of the qualification process. This course educates students on the collection and review of income documents for hourly or salaried borrowers, as well as some red flags to consider when analyzing these documents.
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SKU 4306US00825A00

  • 24/7 access to your course online
  • Certificate of completion
  • Lending Basics
  • Underwriter
  • Processor

What You'll Learn

  • Identify income documentation that is commonly needed to meet income documentation requirements for salary and hourly employees
  • Review income documents needed for loan qualification to understand all aspects of the borrower’s income
  • Calculate borrower income for salary and hourly income earners
  • Understand key differences in documentation and calculation for conventional and unconventional loan types (FHA, VA, and USDA loans)
  • Analyze loan documents for ‘other’ sources of income and how to address them

How it Works

This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.

State Requirements

Professional development courses are not required by any state. These courses are designed to help you advance your career, grow your business and make the commitment to lifelong learning.


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