What do most banks considering as having the monthly income for a TRID loan applicant? The estimate from the customer at the time of application or submission of personal financial statement? Or once the proof of income from a paystub or tax return is received?
#2222436 - 09/26/1910:54 PMRe: income for "complete application" on TRIDs scb2011
Tarhe
Diamond Poster
Joined: Nov 2006
Posts: 1,403
California
We have a situation where rental income was entered on a schedule of real estate. That is the only income figure we currently have. If that is not the borrower’s only source of income, would we say we do not yet have “Income†under ALIENS?