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9.6 AGENCY REVIEW OF HOUSEHOLD INCOME
The Agency will recalculate the lender’s determination of adjusted annual income, as a quality control step, when the lender’s calculation is within 10 percent of the applicable published income limit. The Agency review is only required for manually underwritten loans, defined as application types that are not supported by GUS and applications submitted to GUS that have received an underwriting recommendation of Refer or Refer with Caution.
If the Agency’s calculation exceeds the adjusted annual income threshold, the Agency will contact the approved lender to review the results and determine the appropriate calculation. This review will ensure adjusted annual household income calculations are correctly computed and include all applicable income. The Agency will complete Attachment 9-F, Worksheet for Documenting Eligible Household and Repayment Income, to record their calculation, which will then be uploaded to the Electronic Customer File (ECF).SECTION 2: REPAYMENT INCOME [7 CFR 3555.152(a)] 9.7 OVERVIEW