LoanBeam’s patented calculation technology scans the borrower’s tax returns for relevant income data, and then produces an easy-to-read Excel workbook with the borrower’s qualifying income.
LoanBeam’s Excel workbook has multiple tabs that help calculate the borrower’s qualifying income. Each tab represents a discrete income stream, such as Schedule C income or Royalty income. Investor underwriting guidelines are pre-applied to the calculations. The Summary Sheet tab aggregates your borrower’s qualifying income in a single, simple-to-read location.
Details on the LoanBeam Workbook calculations can be found in the attached user guide.
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