Radian Presents: Basics of Income


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.

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. 

Who should attend?

  • Loan Officers
  • Processors
  • Underwriters
  • Quality Control Staff