Employment and Income

The Employment and Income section displays an individual's current employment details, previous employment details, and other income details (if any). These details are provided while creating an application through SMB or Consumer portal or Q2 Origination or adding a party in Q2 Origination. The back-office user can edit or delete the details or add new information as well.

Steps

To perform any of the actions (edit/delete/add) on the employment or income details:

1. Log in to your Salesforce account.

2. Go to  (App Launcher) > Applications.

3. On the  Applications tab, and from the list of applications, select the required application.
   

   The loan dashboard is displayed.

4. Go to Parties > Employment and Income.
   

   Current Employment Information

   Field Name	Information and Action
   Action
   Add New Employment Information	In the Current Employment Information section, select (Add New Employment Information) to add new employment details, and then select Save. Note: A party can have multiple current employment information. For example, if a party is doing a full-time job and after that, they are doing a part-time job such as Uber driver, Freelancer.
   Edit Row	In the Current Employment Information section, select (Edit Row) to edit the employment details, and then select Save. Note: You can edit all the fields displayed in the Current Employment Information section.
   Delete Row	In the Current Employment Information section, select (Delete Row) to delete the employment details, and then select Save.
   Employer Name	This field represents the employer name where the party is currently working.
   Start Date	This field represents the date the party started working with the current employer.
   Monthly Income	This field represents the monthly salary the party gets from their current employer.
   Current Employment Detail (In the Current Employment Information section, select (Current Employment Detail) to edit the employment details.)
   Employer Street	These fields represent the party's current employer address.
   Employer State
   Employer City
   Employer Country
   Employer Zipcode
   Self Employed	This checkbox represents If the party is doing its own business.
   Position	This field represents the party's designation in the organization where the party is currently working.
   Type of business	This field represents the type of business that the party is doing.  Note: This field is required if the Self Employed checkbox is selected.
   Occupation	This field represents the party's occupation. Supported options: Clerical Executive Government Hourly Wage Earner Life Manager Military Enlisted Military officer Professional Retired Sales Self Employed Service Student Unemployed with Income Unemployed without Income

   Previous Employment Information

   Field Name	Description
   Action
   Add New Employment Information	In the Previous Employment Information section, select (Add New Employment Information) to add new employment details, and then select Save. Note: A party can have multiple previous employment information.
   Edit Row	In the Previous Employment Information section, select (Edit Row) to edit the employment details, and then select Save. Note: You can edit all the fields displayed in the Previous Employment Information section.
   Delete Row	In the Previous Employment Information section, select (Delete Row) to delete the employment details, and then select Save.
   Employer Name	This field represents the employer name where the party was working previously.
   Start Date	This field represents the date the party started working with the previous employer.
   End Date	This field represents the date the party left the job with the previous employer.
   Previous Employment Detail (In the Previous Employment Information section, select (Previous Employment Detail) to edit the employment details.)
   Employer Street	These fields represent the party's current employer address.
   Employer State
   Employer City
   Employer Country
   Employer Zipcode
   Title	This field represents the party's designation in the organization where the party was previously working.
   Employer Contact Number	This field represents the contact number of the previous employer.
   Monthly Income	This field represents the monthly salary that the party was getting from their previous employer.

   Other Income

   Field Name	Description
   Action
   Add New Income	In the Other Income section, select (Add New Income) to add new income details, and then select Save. Note: A party can have multiple other income information.
   Edit Row	In the Other Income section, select (Edit Row) to edit the income details, and then select Save. Note: You can edit all the fields displayed in the Other Income section.
   Delete Row	In the Other Income section, select (Delete Row) to delete the other income details, and then select Save.
   Income Type	This field represents the various types of income that the party can have. The supported options are: Social Security Income Rental Income Pension and/or annuities Disability Income Retirement Income Bonus Dividends Child Support Others
   Income Name	This field represents the income name, such as Income received from subletting a house property on rent to a tenant.
   Frequency	This field represents the frequency in which the party is earning this income. The supported options are: Monthly Annual
   Taxable	This field represents whether the income is taxable.  Note: This field is required as the income value is used in DTI calculation.
   Amount	This field represents the income amount the party gets from various income types.