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Benefit Income
Benefit Income. Please provide:
Note: Borrower is not required to disclose Child Support, Alimony or Separation Maintenance income unless the borrower chooses to have such income considered by the servicer. The borrower is required to provide documentation evidencing the disclosed income in cases where such income exceeds 20% of the total reported household income.
- Evidence of (i) the amount and frequency of the benefits, such as letter, exhibits, a disability policy of benefits statement from the provider (e.g. social security, disability, death benefits, pension, public assistance, adoption assistance),
- and (ii) receipt of payment, such as copies of the two most recent bank statements or deposit advices showing deposit amounts.