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All CollectionsIncome Verification Report
Does the income verification report provide gross or net income?
Does the income verification report provide gross or net income?
Updated over 9 months ago

This report verifies the applicant's net income by analyzing transaction data from an applicant's bank account, providing up-to-the-minute income data. The greatest value in relying on net income data is it reflects the applicant’s probable cash on hand in any given month ,the funds from which they can meet potential future financial obligations. This approach reflects amounts following deductions for taxes, retirement contributions, health insurance, or other items.

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