1. Line Origination User Guide
  2. Underwriting
  3. Applicant Tab
  4. Summary Sub Tab
  5. Other Incomes Sub Tab

7.5.4.3 Other Incomes Sub Tab

The Other Incomes sub tab only needs to be completed if other incomes exist on the application. If not, this sub screen can be left blank.

To complete the Other Incomes sub tab
  1. Click the Other Incomes sub tab.
  2. Perform any of the Basic Operations mentioned in Navigation chapter.
    A brief description of the fields is given below:

    Table 7-10 Other Incomes

    Field Do this
    Type

    Select the income type from the adjoining drop-down list.

    Note: In case, the other income of the applicant is from Employment, then the details of Actual Amount specified in the Employments Sub Tab is auto populated. Also if the income is verified in the Employments Sub Tab, then Verified By and Verified Dt details are auto populated. You can also verify the details here using the current system date.

    Currency Select the currency from the adjoining drop-down list.
    Stated Amount Specify the monthly stated income.
    Frequency Select the income frequency from the adjoining drop-down list.
    Line of credit Currency Amount Stated View the Line of credit currency amount stated.
    Comment Specify a comment, if any.
    Include

    By default the include check box is selected indicating that the other income details are included. You can deselect the same if not required.

    When Include check box is selected system automatically adds the Loan Currency Amount Stated and Loan Currency Amount Actual details to Applicant > Summary Tab. Also system calculates the DTI and PTI ratio's based on Actual Amount specified.

    Actual Amount Specify the actual monthly income amount.
    Line of credit Currency Amount Actual View the actual Line of credit currency amount.
    Verified By The Verified By field is auto populated with the logged in user name only after the record has been verified and saved.
    Verified Dt

    You can verify the record by selecting the current system date from the adjoining calendar icon.

    Note: System displays an error message if any other dates is selected apart from current system date.

  3. Perform any of the Basic Actions mentioned in Navigation chapter.

Parent topic: Summary Sub Tab