Overview
1. Royalty Income
This document will review how to navigate the IncomeXpert tool including the following topics
A) Royalty Income
2. Guideline References:
Not applicable
3. Step by step instructions
1) Create a new loan file or add on royalty as an income type for your borrower
2) Click the income tab to evaluate each borrower’s income
3) Click the magnifying glass to expand and enter the royalty income figures. This data is found on the borrower’s schedule E.
Pay note of the trending arrows
- Green up arrow: the income is stable or increasing
- Red down arrow: the income has declined from the previous year
