Form 1088 Comparative Income Analysis
This document will review how to navigate the UberWriter income analysis tool including the following topics
A) Income Types With a 1088
B) Using The 1088
C) Stand Alone 1088
Not applicable, but Fannie Mae Has Instructions Here https://www.fanniemae.com/content/guide_form/1088.pdf
Step by step instructions
A) What Income types have a 1088?
B) Where to find the 1088 on the listed income types?
Following the income analysis section of every self employed income types noted in step A, the 1088 is accessible. Click on the blue button named “Comparative Income Analysis” to open the calculator.
B) Adding data to the 1088
The boxes below in YELLOW are used for most calculations. The most recent year goes in the middle column and the previous year in the column to the right. The left column (highlighted by the red arrows) are only if the user intends to use a P/L for the current year.
The results can review reviewed in the boxes next to the red arrows.
Follow your investor or agency rules to determine what is acceptable results.
C) Using the 1088 form found under the calculators tab
NOTE the 1088 found under the calculator tab 1088 will not “save” or attach to any income type. This 1088 is designed for a quick review and can be printed but not stored in the UberWriter database.
The data entry is the same for the 1088 found under calculators, the additional control is choose the income type drop down list near the “calculate” button.