Learn the Right Verification Methods to Improve the Accuracy of Annual and Adjusted Income Determinations
The majority of participant/resident files with errors are due to the lack of proper documentation of income and allowable deductions. Building on the basics of rent calculation, the instructor for this “live” online course will provide guidance on the types of verification documents that should be in the file for income, deductions, and allowances. Also covered in this course is HUD’s hierarchy of verification methods and mandatory use of the Income Validation Tool (IVT). Case studies will be used to ensure that the proper methods of verification are more easily understood.
Topic discussed:
- Tips for Detecting Income and Deduction Calculation Errors
- How to Identify Whether an Error is Systemic or Just a Simple Mistake
- When and How to Submit Form HUD-50058 Corrections
- Verifications and Mandated Methods to Support Form HUD-50058 Submissions
- How to use HUD’s Verification Hierarchy
- How to Obtain More Accurate 3rd Party Verifications
- Mandatory use of EIV and Monthly Report Monitoring
- File Quality Control
This class is great for: All HCVP Staff!
Duration: 5 hours and 20 minutes
SKU: 230124
