7.5.4.3 Other Incomes Sub Tab

This topic provides information on the other incomes. It enables users to view and manage additional income details within the request.

The Other Incomes sub tab only needs to be completed if other incomes exist on the application. If not, this sub screen can be left blank.

To complete the Other Incomes sub tab

1. On the Origination, click Origination. Under Origination, click Underwriting. Under Underwriting, click Underwriting tab.
2. Under Underwriting tab, click Applicant. Under Applicant, click Applicant. Under Applicant, click Summary. Under Summary, click Other Incomes.
3. Perform any of the Basic Operations mentioned in Preface.
   A brief description of the fields is given below:

   Table 7-10 Other Incomes

   Field	Description
   Type	Select the income type from the adjoining drop-down list. Note: In case, the other income of the applicant is from Employment, then the details of Actual Amount specified in the Employments Sub Tab is auto populated. Also if the income is verified in the Employments Sub Tab, then Verified By and Verified Dt details are auto populated. User can also verify the details here using the current system date.
   Currency	Select the currency from the adjoining drop-down list.
   Stated Amount	Specify the monthly stated income.
   Frequency	Select the income frequency from the adjoining drop-down list.
   Loan Currency Amount Stated	Displays the Loan currency amount stated.
   Comment	Specify a comment, if any.
   Include	By default the include check box is selected indicating that the other income details are included. User can deselect the same if not required. When Include check box is selected system automatically adds the Loan Currency Amount Stated and Loan Currency Amount Actual details to Applicant click Summary Tab. Also system calculates the DTI and PTI ratio's based on Actual Amount specified.
   Actual Amount	Specify the actual monthly income amount.
   Loan Currency Amount Actual	Displays the actual Loan currency amount.
   Verified By	The Verified By field is auto populated with the logged in user name only after the record has been verified and saved.
   Verified Dt	User can verify the record by selecting the current system date from the adjoining calendar icon. Note: System displays an error message if any other dates is selected apart from current system date.

4. Perform any of the Basic Actions mentioned in Preface.