About This Training

You’ve collected your borrower’s pay stubs and W-2s — now it’s time to make sense of them. In this training you’ll learn how to read and interpret income documents, identify red flags, and calculate earnings across a variety of pay structures, including salary, hourly, commission and bonus. We’ll break down the pay stub line by line, cover what actually counts as qualifying income, and show you what triggers a request for more documentation.

This class focuses on wage-earning borrowers. Self-employed income is covered separately in its own dedicated training.

What You’ll Learn

• Read a pay stub line by line and know what each figure means
• Calculate income for salary, hourly, commission and bonus earners
• Tell qualifying income from income that won’t count
• Spot inconsistencies between the stub, the W-2 and the application
• Know in advance what will trigger a request for more documentation

Who It’s For

Loan officers and processors who want to calculate wage income accurately and stop guessing before submission.