Loan Processor Question: Download Questions PDF
Tell me how to calculate income?
The income noted on the 1003 should always be based on calculations made using actual file documentation rather than the borrower's rough estimate. If the income consists of more than regular wages or salary, the processor should know how the lender views and calculates that particular source of income rather than assume it will be acceptable.
Download Loan Processing Interview Questions And Answers PDF
|Previous Question||Next Question|
|Explain me what ACH stands for?||Explain me why do you believe you are a good fit for our company culture?|