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| | Bankers Online: Gross Revenue calculation (Site not responding. Last check: 2007-11-06) |
 | | If the gross revenues of the other ventures were used however, verses the distributions, than I'd use the revenues of those entities (pick the largest and use that figure) to determine the revenue code. |
 | | However, if the institution considered and relied on revenues or income of a cosigner or guarantor that is not an affiliate of the borrower, such as a sole proprietor, the institution should not adjust the borrower’s revenues for reporting purposes. |
 | | Typical titles are, Gross Revenues, Gross Sales, Total Sales, Gross Income, Total Income, Gross Rents, Total Rents, etc. For CRA purposes, the gross figure on these documents is the figure used to determine the revenue code, which should be either a 1 or a 2 in 99% of the loans processed. |
| www.bankersonline.com /ubbthreads/showflat.php?Cat=&Number=196006&Main=195350 (2899 words) |
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