MPF University Welcomes MGIC: Focus on Getting Started and the Sole Proprietor


In this introductory session, we’ll cover the foundational concepts you will need in your analysis of your borrower’s qualifying income, with a focus on the sole proprietor. We’ll review what criteria must be met to use self-employed income and what documentation is required.

  • Calculate qualifying income for a sole proprietor from Schedule C
  • Discover when business mileage depreciation can be added back
  • Review how to conduct analysis of earning trends
  • Identify the steps to take if the business is showing declining income trends

Who should attend?

  • Loan Officers
  • Loan Processors
  • Underwriters
  • Quality Control Staff