Income
Income calculation and qualification logic layered over raw verification data.
Verification returns what a borrower was paid. Qualification needs what a borrower can be counted on to be paid, and the two are not the same number: bonus, overtime and commission are averaged over a stated period, variable income is discounted or excluded, and self-employment is computed from returns rather than from deposits.
This product carries those rules, over the records Income produced.
How it works
The calculation and the data collection are separate products because the rules change independently of the vendors. An agency guideline revision changes how a figure is computed and nothing about where it came from.
Dual listing
Income is filed under two categories. The other listing is Income under Verification, and the recorded specifications resolve there — its 39 operations render on that page.