Subject: Income from recently discharged Veterans - UW Tip of the
Day
Good Morning.
Today is Wednesday, February 01, 2012
All wholesale staff is available.
Turn times are now 48 hours.
Tip of the day – Income from recently discharged Veterans
For
recently discharged veterans who have been in their new jobs only a very short
time, analyze prospects for continued employment as follows:
· If the duties the applicant performed in the military are
similar or directly related to the duties of the present position, use this as
one indicator that the employment is likely to continue.
· If the applicant’s current job requires skills for which
the applicant has had no training or experience, greater time in the current
job may be needed to establish stability.
If
the applicant’s retirement income, compared to total estimated shelter expense,
long-term debts, and family living expense is such that only minimal income
from employment is necessary to qualify from the income standpoint, resolve
doubt in favor of the applicant.
Examples:
Qualifying short-term
employment - An applicant who was an
airplane mechanic in the military is now employed as an auto mechanic or
machinist.
Nonqualifying
short-term employment - An applicant who
was an Air Force pilot is now employed as an insurance salesperson on
commission.
Most
cases fall somewhere between these extremes. Fully develop the facts of
each case in order to make a determination.
Thank
You!
Neil
Johnson
Gateway
Mortgage Group
National
TPO Operations Manager
4201
N. State Hwy 161
Irving,
TX 75038
Office:
972-908-3390 ext. 118
fax#
918-858-8392