Processing Income and Assets

This title is one of the many courses available in the AllRegs Education Package subscription program!

Review a basic education of the income and asset documentation and underwriting requirements of a conforming residential mortgage loan, as well as provide tips on preparing a quality loan for submission to underwriting.

What will I learn?

Upon completion of the course, students will be able to:

  • Recognize the risk factors of a mortgage loan
    • Identify Risk Factors
    • Demonstrate balancing of risk
  • Identify employment documentation requirements
  • Calculate stable monthly income
  • Calculate qualifying ratios
  • Calculate funds needed to close
  • Recognize acceptable sources of funds


During the course the following topics will be covered:

  • Mortgage Loan Risk Factors
    • Balancing risk
  • How to Verify Employment
    • Verification of Employment form
    • Internet Verification
    • Alternative Verification
  • Calculate Stable Monthly Income
    • Changes to Income
    • Extra Income
    • Employed Income
      • Calculating Monthly Income
      • Paystub Activity
    • Self-employed Income
    • Other Income
    • Tax-Exempt Income
    • Unacceptable Income
  • Calculating Qualifying Ratios
    • Housing Expense Ratio
    • Debt-to-Income Ratio
  • Calculate Funds Needed to Close
    • Documenting the Source of Funds
    • Bank/stock Accounts
    • 401K Accounts
    • Sale of a Home
    • Gifts
    • Gifts of Equity
    • Seller Contributions
  • Recognize acceptable sources of funds
    • Unacceptable Sources of Funds

Course Authors

Alana Stephens

Course Length

60 minutes (approximate)

How it works

Each self-paced, self-study course examines a particular topic, allowing students to hone in on a focused set of learning concepts. Each course is designed with learning objectives, comprehensive course materials, learning reinforcement activities that appeal to various learning styles, real world examples, and, where appropriate, video and/or audio recordings of industry experts.

The final exam is completed online with instant grading, and you can download your industry-recognized certificate of completion after you successfully pass the course. While course completion time varies per student, it will take approximately one hour to complete most courses.

Students have 12 months from the registration date to complete the course. Upon successful completion of the course, students can download their industry-recognized certificate of completion and transcript.

*Restrictions apply. If your staff size exceeds 250, please consider the Enterprise AllRegs Education Package.

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