Problem Description

Unknown "Other Income" amounts may appear in loan files without a clear source, causing confusion during underwriting review.

Investigation Steps

1. Check UW Summary: Review the Other Income field in the UW Summary section
2. Search Income Entry Points: Look for Other Income entries in known locations within the system
3. Review Entry History: Check if there are any notes or documentation about the income source

Resolution Steps

1. Lock the Field: If the Other Income amount is incorrect or unexplained, lock the Other Income field at $0 in the UW Summary
2. Document the Change: Make appropriate notes about the correction

Proper Income Entry Guidelines

For Rental Properties: - Enter rental income in the Gross Rental Income section on the transmittal - Do not enter rental income as "Other Income" - Rental income from other REOs should appear as cash flow, not Other Income

Key Reminders

• Other Income and rental income serve different purposes in loan calculations
• Always verify the source of any income entries before processing
• Proper categorization ensures accurate loan assessment