Income alerts
At times, Ocrolus may encounter challenges in accurately or entirely computing information. When this happens, Ocrolus provides details through alerts and messages.
Several of these messages might only be relevant when a specific program is chosen. Currently, Ocrolus offers support for identical calculations regardless of the agency, investor, or program. These alerts and messages serve to address the prerequisites of the major guidelines as a supplement to the Underwriter's review.
For example, if only one year of tax returns is submitted, income is computed but triggers a message to that effect. This ensures compliance if the loan is intended for Fannie, where two years of tax returns are necessary.
A full library of our alerts and messages can be found in the below sheet:
Updated 4 months ago