Income Analyst - Remote Position

The Income Analyst is responsible for manually calculating income by reviewing documentation like W2s, 1099s, and tax returns, entering data into Excel, and determining borrowers' Debt-to-Income (DTI) ratios. This is a fast-paced job where online leads trigger your work, which should be completed promptly, with team members checking each other's work.
Job Description
• Analyze various financial documents, including W2s, 1099s, and tax returns, to extract accurate income data.• Ensure the documentation provided by borrowers is complete and compliant with lending guidelines.• Develop and maintain Excel models to calculate borrower income based on the provided documentation.• Use these models to determine the final Debt-to-Income (DTI) ratio for each borrower.• Accurately calculate the borrower's Debt-to-Income (DTI) ratio by considering all relevant income and debt information.• Ensure compliance with established DTI thresholds and lending criteria.• Operate in a fast-paced environment where incoming online leads trigger work orders.• Complete income calculations promptly, meeting established timelines.• Collaborate with team members to review and verify each other's work for accuracy and completeness.• Maintain high-quality standards in income calculations.
Required Qualifications• Experienced working with DTI (debt to income) ratio analysis.• Computer literacy skills with strong proficiency in Excel.• Strong understanding of mortgage lending, real estate transaction, and related regulations.• Ability to analyze financial documents, payoffs, and administrative accuracy to perform quality review checks effectively.• Clear and coherent communication skills to interact effectively with borrowers, lenders, and other parties involved in the closing process.• Strong analytical skills to accurately review and interpret financial documents.• Keen eye for detail to review and ensure the accuracy of various documents, calculations, and documents.• Ability to manage multiple tasks and prioritize effectively.• Exceptional attention to detail and accuracy in documentation• Demonstrated ability to handle confidential information with discretion and professionalism.• Problem-solving skills and a proactive approach to identifying and resolving discrepancies.• Strong time-management skills and the ability to meet deadlines in a fast-paced environment.