What you'll accomplish
By the end of this guide, you'll have a system for using ChatGPT to accelerate complex income analysis — structuring your analysis plan, double-checking your methodology, summarizing findings for the file, and drafting clear explanations for LOs and borrowers. This guide focuses on what AI can help with while keeping you in control of the actual calculation.
What you'll need
How-To Guide: Use ChatGPT to Speed Up Complex Income Analysis
Before diving into a complex income type, confirm your methodology with ChatGPT:
I'm underwriting a conventional loan for a borrower who is a 40% owner of an S-corp. They receive both W-2 wages from the business and show K-1 income. What is the Fannie Mae method for calculating qualifying income? Which forms do I need, what add-backs are allowed, and how do I handle income that's declining year-over-year?
What you get: A clear walkthrough of the methodology before you start — so you calculate correctly the first time, rather than discovering an error after 2 hours of work.