Bank Statement Converter for Stockbrokers

Stockbrokers and financial advisors can convert bank statement PDFs to Excel or CSV to document W-2 base salary, commission income, trailing 12-month production bonuses, and deferred compensation releases. Essential for mortgage applications where variable commission income must be documented, and for separating personal bank income from client account activity.

Key Benefits

• Documents base salary and trailing 12-month commission bonus deposits
• Separates deferred compensation releases from regular payroll
• Works with Merrill Lynch, Morgan Stanley, and all major wirehouse bank accounts
• 24-month export for mortgage income averaging of variable commission
• Supports documentation of production bonuses for jumbo loan qualification

How It Works

1. Step 1: Upload your stockbroker bank statement PDF
2. Step 2: Select Excel output
3. Step 3: Identify salary deposits vs. quarterly/annual bonus and commission payments
4. Step 4: Calculate 2-year average income for mortgage qualification

Frequently Asked Questions

How do stockbrokers document variable bonus income for mortgages?

Stockbroker bonus income (trailing 12-month production bonuses) is treated as supplemental income by Fannie Mae. It can be included in mortgage qualifying income only if received for 2+ years and likely to continue. Export 24 months of bank statements to Excel showing consistent annual bonus deposits, then calculate the 2-year monthly average. Jumbo mortgage lenders at private banks often take a more flexible approach for high-earning brokers.

Can stockbrokers use deferred compensation for mortgage qualification?

Deferred compensation vesting distributions can qualify as income if documented properly. Export bank statements showing when deferred compensation releases are deposited, their frequency, and amounts. Lenders will want an employer letter confirming the deferred comp schedule alongside the bank statement evidence of historical distributions. For Merrill, Morgan Stanley, or UBS brokers with large deferred comp, this can significantly increase qualifying income.

Convert Stockbroker Statement Free