What's Your Ability To Pay

Housing Obligations

100

^{When a third party pays the client's housing payment, reduce the obligation using this field in the ATP Calculator.}

^{What is, the Housing Payment Reduction field?}

200

^{When both rent (on request) and a mortgage (on bureau) exist, the ATP Calculator takes the obligation with this characteristic.}

^{What is, the higher payment?}

300

^{List the two required documentation updates needed when making changes to housing obligations}

^{What is, how the payment was confirmed and who is responsible for what portion}

400

^{Do not duplicate the amount added to the Housing Payment Obligations by also adding ________ into the Total Gross Annual Income Field}

^{What is, rental income}

500

^{When a client has multiple mortgages on the credit report that are confirmed rental properties. What would be the correct way to update ATP A. Enter a housing payment reduction or B. Update the income on the request tab to include the client's rental income}

^{What is, update the income on the request tab to include the client’s rental income.} 

Documentation

100

^{If it's not documented}

^{What is, it didn't happen}

200

^{This is what analysts must do for every action they take when self-solving.}

^{What is, include documentation for all steps taken?}

300

When making changes such as updating income sources, adding assets, or modifying obligations, analysts must do this in the ICDP notes.

What is document the adjustment and the reason for it?

400

This tool may be used to assist in capturing the required ATP documentation 

^{What is, the ATP Pop Pad}

500

This tool requires documenting the ICDP comment field with the results that include the copy/paste function

What is, ATP Asset Calculator 

Manual Adjustments

100

^{Work Study, Scholarships/Grants/Financial Aid, Graduate Assistant...considered what}

^{What is, permissible sources of income for students}

200

^{What are the 2 places spousal income can be added}

^{What is ATP Calculator (Spousal Income) &  Request Tab (TGAI)}

300

^{If there's a missing BAC Trade from the bureau and we are unable to locate a bureau with the BAC Trade, we must add what to the ATP Calculator}

^{What is, the minimum monthly payment (MMP)?}

400

^{If the request lists Unemployment as the source but the Position indicates Convenience Store Owner, update the source to this.}

^{What is Employment income?}

500

^{This is what analysts should do with an obligation that will be paid off within 60 days.}

^{What is, avoid including it as an obligation?}

Assets

100

^{This digital commodity is completely prohibited from being used as income or assets}

^{What is cryptocurrency?}

200

^{Before calling a client, the analyst must review this tab to determine if assets of $5,000 or more exist.}

^{What is the Relationship tab?}

300

^{If no client contact is made and assets of $5,000 or more appear, the analyst should proceed by doing this.}

^{What is, use the available assets and asset calculator?}

400

^{If no client contact is made and assets below $5,000 appear, the analyst must take this next action.}

^{What is attempt client contact?}

500

^{If the client is drawing income from an investment account, record that amount where in ICDP.}

^{What is the Total Gross Annual Income field on the Request tab?}