1003 URLA - Part 2

1003 URLA - Part 2

In Section 1b. Current/Self Employment and Income – Borrower, complete all pertinent employment information.

Information that must be completed includes:

1. Employer or Business Name

2. Street Address, City, State, Zip and Phone

3. Position or Title

4. How long in this line of work (years and months)

If the borrower is a W-2 employee:

• Complete Gross Monthly Income breakdown.

If the borrower is self-employed or 1099:

• Check the “Check if you are the Business Owner or Self-Employed” box.

• Check the appropriate ownership share option.

• Fill out Monthly Income (or Loss).

We need complete income history for the last 2 years. If the borrower has had more than one job in the last 2 years, click the Show all VOE button or go to Verifs > VOE or Forms > VOR to add additional jobs to the employment history.

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