Tag: workmans compensation

Calculating Income for Client on Workman’s Compensation

Question: My client was out on workman’s comp for about six weeks and has now returned to work. When calculating the average for an hourly employee, do those six weeks get taken into consideration, or is it excludable since it’s an extraordinary circumstance? Answer: An applicant that will return to work before the first mortgage […]

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Waiting Period After Workman’s Compensation

Question: My client has been on Workman’s Compensation for 18 months.  He just started back and wants to purchase a new home.  Is there a specific time period for being back to work? MC – Income Analyzer – Gaps in Employment Answer: There is no waiting required (unless he has changed his profession, then you’d […]

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