DTI & Income Verification - Five Methods of Income Verification

The Work Number 

• Automated payroll verification for W-2 employees
• This is done during the pre-qual process – before hard credit is pulled

Truework

• Instant payroll verification for W-2 employees
• Usually used for those employers that do not participate with The Work Number

Plaid

• Instant bank income verification via connection of a personal or business account
  • Borrower must have a minimum 680 FICO score in order to use business bank account connection

Tax Returns

• Manual review of Tax Returns is done via Ocrolus
• Handwritten or tax transcripts will NOT be reviewed. Only ALL pages of filed tax return forms should be submitted.

Manual Uploads

• The borrower will have the ability to upload income documentation that will be manually reviewed by Underwriting