DTI & Income Verification - W2 Income Verification - TWN (The Work Number)

If the income type is selected as Salary or Hourly Wages, TWN (The Work Number) will be pulled.

• TWN is triggered when the SSN for the borrower is entered
• If it comes back successful, the income figure will be reported and used for the borrower

Successful TWN & DTI <50%

If TWN’s income figure and the borrower’s debts result in a DTI less than 50%, the income step is considered approved.

Successful TWN & DTI >50%

If TWN’s income figure and the borrower’s debts result in a DTI greater than 50%, the borrower will have four options to choose from:

• Reduce Loan Amount – The system will let the borrower know what they need to lower it to, in order to make the deal work.
• Pay Off Debts – The borrower will be able to select liabilities to pay off. The DTI will reflect the payoff selections in real time.
• Add Income – This allows the borrower to add additional income that wasn’t considered during the prequal.
• Add Co-Borrower – They can add a co-borrower to combine incomes.

NOTE: If none of the options work for the borrower, and the DTI is still above 50%, the loan will be denied.

Unsuccessful TWN & DTI <50%

If TWN does not have success in pulling income information, the borrower will have the ability to connect their personal and/or business bank account via Plaid, Truework, or Manual Document Upload.