:: XWeb1003 Announcement ::

Section V (Monthly Income and Combined Housing Expense Information) of the Uniform Residential Loan Application (Form 1003) consists of 2 distinctive sub-sections: Gross Monthly Income - which also includes the Describe Other Income group of fields - and Combined Monthly Housing Expense. Since the Gross Monthly Income fields are broken down by Borrower and Co-Borrower while the Combined Monthly Housing Expense fields are not, each sub-section had to be represented differently in XML.

To represent the fields in the Gross Monthly Income sub-section, first we added an <Income> child element to the <Borrower> node. Then, we represented each field in the Gross Monthly Income sub-section as a child element of this newly added <Income> element:

<Application>
  ...
  <Borrowers>
    <Borrower Borrower_Type="1|2">
      ...
      <Income>
        <Base_Employment>
        <Overtime>
        <Bonuses>
        <Commissions>
        <Dividents_Interest>
        <Net_Rental_Income>
        <Other_1>
        <Other_2>
        <Other_Income_Sources>
          <Other_Income Other_Income_Sequence="1|2|3">
            <Description>
            <Amount>
          </Other_Income>
          ...
        </Other_Income_Sources>
      </Income>
    </Borrower>
    ...
  </Borrowers>
  ...
</Application>