1. Complex Income Calculation Tool

2. What is
LoanBeam is a third party vendor integrated with Encompass that can automatically analyze Complex Income Tax Returns and provide detailed and accurate income calculation worksheets.
LoanBeam will use OCR ( optical character recognition) technology to calculate and report the borrower’s documented income within minutes.
25,000 homeowners helped since 2008.
2017 Goal is helping an additional 6,000 more families' become homeowners.

3. How to Request
You will upload your borrower’s tax returns through the Encompass integration.
Finding innovative ways to leverage existing benefits, organizations that are acting now may be able to reaffirm a positive employer brand before competition for talent gets even more intense. – Karen Wessels, Researcher at SHRM

4. Make sure you are selecting all three income calculations
You can upload documents either from your computer or from a filed placeholder in the eFolder.
Make sure the documents are not password protected.
*Note: the larger the tax returns the longer it may take to transmit and calculate.
Make sure you are selecting all three income calculations
Finding innovative ways to leverage existing benefits, organizations that are acting now may be able to reaffirm a positive employer brand before competition for talent gets even more intense. – Karen Wessels, Researcher at SHRM

5. The person who placed the order will get an email notification when the request is complete.
You can then go into Encompass to download your completed income worksheets.
Finding innovative ways to leverage existing benefits, organizations that are acting now may be able to reaffirm a positive employer brand before competition for talent gets even more intense. – Karen Wessels, Researcher at SHRM

6. If you have missing documents after the order is completed you can add additional documents for an updated calculation.
Finding innovative ways to leverage existing benefits, organizations that are acting now may be able to reaffirm a positive employer brand before competition for talent gets even more intense. – Karen Wessels, Researcher at SHRM

7. Workbook Basics
You will be able to download the completed workbook to your computer to view.
Each cell that pulls figures from the tax returns will have a red triangle in the upper right hand corner. When you hover over the cell it will show the dollar amount and the exact location that value was pulled from
Two most important benefits that employees can provide to their employees.

8. Recurring/Non-Recurring
There are indicators that you can change by clicking on the cell and making a selecting from the drop down. This will adjust what is included in the calculation based on if it’s a valid recurring income source.
Two most important benefits that employees can provide to their employees.

9. Averaging Income
The system will automatically calculate a 2 year average. If 2 years are uploaded. It will compare Current Year to Prior Year ad will go with the more conservative income calculation.
You can adjust this by changing the drop down.
Two most important benefits that employees can provide to their employees.

10. Excluding Income
For business or other income that is no longer applicable you can Exclude by putting a “X” in the Exclude income from calculation box. This will grey out all the calculations for that section.
Two most important benefits that employees can provide to their employees.

11. Completing Income
Once you have reviewed the income worksheet you will need to save and upload it to the eFolder.
The original income calculations will be available in Encompass for the life of the loan.
Two most important benefits that employees can provide to their employees.

12. Questions? BankingSupport@axiahomeloans.com