Overview

1.    Social Security / Disability    

This document will review how to navigate the IncomeXpert tool including the following topics

• Choosing Social Security / Disability Income
• Review of source of documentation options for income
• Grossing up income when guidelines allow for social security / disability

2.    Guideline References:

Not applicable

3.    Step by step instructions

Choose Social Security / Disability Income for your borrower from “add income source” menu

 
 

Click on the income tab, choose the borrower to enter income, and click the magnifying glass to start data input






Choose the source of documentation from award letter, tax return, 1099, or bank statement

Enter data in the required fields.

Choose the correct income based on published guidelines,

To gross up income choose “yes” on the gross up income and enter in the required data to confirm the income is tax free.  Lines 20 A and 20B from the tax return will confirm the income is or is not tax free.