Mortgage Lending · Underwriting
Income calculation worksheets
A worksheet underwriters use to figure a borrower's qualifying monthly income from pay stubs, tax returns, and other proof.
What it usually contains
- Base pay, overtime, bonus and commission figures with averaging periods
- Self-employment income pulled from business and personal tax returns
- Rental, retirement, alimony and other income sources with continuance notes
- Year-to-date and prior-year comparisons showing trends or declines
- Final qualifying monthly income used in the debt-to-income ratio
What the assistant uses it for
Answering how a borrower's monthly qualifying income was calculated, which income sources counted, and what averaging or documentation rules were applied.
How it is versioned
A document of this type has exactly one current version at a time. Upload a revision and it becomes the version that counts — the one before it is kept and dated, but is no longer what your assistant answers from. Nothing is ever deleted, so you can always show what this document said on a given date.
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You already own the documents. We make them the only thing your AI is allowed to answer from, and we keep them current — so nobody quotes last year’s price by accident again.