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| Name | Loan Officer Training - How to Calculate Variable Income for Borrowers |
| Video Uploader | Video From The Mortgage Calculator |
| Upload Date | This Video Uploaded At 04-07-2024 11:32:49 |
| Video Discription | In this episode of Loan Officer Training, we delve into the intricacies of calculating variable income for borrowers. Understanding and accurately assessing variable income is crucial for ensuring reliable loan approvals. Our expert hosts will guide you through the various types of variable income, such as bonuses, commissions, and overtime, and explain the methods for calculating an average monthly income. Learn about the documentation needed, common pitfalls to avoid, and best practices to ensure a thorough and precise evaluation. Whether you're new to the mortgage industry or looking to sharpen your skills, this episode provides valuable insights and practical tips to master the calculation of variable income. Tune in to enhance your proficiency and support your borrowers with confidence! Join The Mortgage Calculator at https://themortgagecalculator.com/join About The Mortgage Calculator: The Mortgage Calculator is a licensed Mortgage Lender (NMLS #2377459) that specializes in using technology to enable borrowers to access Conventional, FHA, VA, and USDA Programs, as well as over 5,000 Non-QM mortgage loan programs using alternative income documentation! Using The Mortgage Calculator proprietary technology, borrowers can instantly price and quote thousands of mortgage loan programs in just a few clicks. The Mortgage Calculator technology also enables borrowers to instantly complete a full loan application and upload documents to our AI powered software to get qualified in just minutes! Our team of over 350 licensed Mortgage Loan Originators can assist our customers with Conventional, FHA, VA and USDA mortgages as well as access thousands of mortgage programs using Alternative Income Documentation such as Bank Statement Mortgages, P&L Mortgages, Asset Based Mortgage Programs, No Ratio CDFI Loan Programs, DSCR Investor Mortgages, Commercial Mortgages, Fix and Flip Mortgages and thousands more! Our Mortgage Loan Originators are trained to be loan consultants to guide borrowers throughout the entire loan process. A licensed Loan Officer is only a phone call or zoom meeting away and always available to assist borrowers throughout the loan application process all the way to closing. To apply for a mortgage please visit our Quick Mortgage Quote Page at https://themortgagecalculator.com/Mortgage/QuickQuote The Mortgage Calculator is a registered DBA of Mortgage Calculator Company LLC. NMLS ID #2377459. Programs and rates are subject to change without notice. Mortgage Calculator Company LLC is licensed in the following states that require specific licensing disclosures: AZ (#1040352), CA CFL (60DBO-171188), GA Georgia Residential Mortgage Licensee (#2377459), IL MB.6761755 Illinois Department of Financial and Professional Regulation, Division of Banking, 100 West Randolph, 9th Floor, Chicago, IL 60601 1-888-473-4858. Not licensed or conducting business in New York. xeUkkK1HAPM |
| Category | Education |
| Tags | Loan Officer Training | Loan Officers | Variable Income | Borrowers | Loan Services | Mortgage Loans |
