The most under used income analysis calculators

Continuing on the excellence started by UberWriter, the team has added helpful calculators for Solvency, Comparative Income Analysis, LP Open Access, and Cash To Close.  These helpful calculators will save you time and money.  

comparative income analysis calculator

The Solvency (or acid test) calculator is for self employed borrowers who report earnings on 1065, 1120, or 1120S tax forms.  This calculator grades how well a company could pay its current debts using only liquid assets.  A ration greater than 1.0 indicates the company is solvent.

The Comparative Income Analysis (aka FNMA 1088) looks at the performance of  Schedule C, 1065, 1120, and 1120S over a three year period to determine the overall income trend.  The trend can be increasing, decreasing, or neutral.

The Cash to Close calculator does just what it says.  Simply provide the calculator the details about the loan, escrow, closing costs, as well as a few other items, and the calculator will determine your cash required to close the loan.

Lastly we have the LP Open Access calculator.  This calculator is the quick way to determine what the final loan amount needs to be based on the LP Open Access rules

LP Open Access Calculator

We really hope that people find these calculators useful.  UberWriter is striving to be the primary resource for all people in the mortgage industry when it comes to calculators, tools, and analysis.  Enjoy.

~The UberWriter Team[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

By |2018-12-22T22:40:44-04:00July 10th, 2014|Uncategorized|0 Comments

About the Author:

David Stamm
David is the lead software developer for UberWriter. He shares his 20 years of experience in operations and process in his blogs. His unique perspective from developing high security and safety critical software is applicable and relevant to the loan origination process.

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