Overview

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