Essentials Live

ESSENTIALS LIVE!

ANSWERS TO YOUR MOST COMMON CHALLENGES.

INCOME & SELF-EMPLOYED BORROWERS.

Join us every 2nd and 4th Monday of the month for a LIVE broadcast with two of our senior operations trainers.

They’ll help you tackle the most common income analysis challenges and show you how to properly apply Fannie and Freddie Mac guidelines when calculating income.

Each 30-minute session will focus on a different loan scenario, including feedback on income analysis challenges we receive from you. Can’t attend one of our LIVE sessions? No problem. We will record them, so you can get the answers you need when it works for you.

Upcoming Training Sessions

Clergy filing Sch. C and has housing allowance too. What's his qualifying income?

Essentials Live!

April 26, 2021, 2:00 pm EDT - April 26, 2021, 2:30 pm EDT

My borrower has a business with rental property, yet the mortgage is in my borrower's name. Can I offset the payment?

Essentials Live!

May 10, 2021, 2:00 pm EDT - May 10, 2021, 2:30 pm EDT

Following guidance from the GSEs, we will show you the steps to calculate the correct DTI.

Essentials Live! Recorded Sessions: Q1 2021

My borrower had their highest income in 2020. Can it be used to qualify?

Session #1: January 11, 2021

Learn how the temporary guidance and overlays related to COVID-19 affect qualifying income when their income trend is increasing.

Watch Recording

How do I analyze my borrower's handwritten P&L?

Session #2: January 25, 2021

Learn how to calculate income for Self-Employed Borrowers who use a handwritten ledger or provide minimal details around their P&L.

Watch Recording

Month-to-month trends analysis, can it resolve discrepancies?

Session #3: February 8, 2021

Learn how to effectively review a month-to-month income analysis, so you can quickly identify trends and resolve any income discrepancies.

Watch Recording

Borrower’s business looks profitable, but is it truly stable income?

Session #4: February 22, 2021

Learn how to determine and support a stable income amount without asking for additional documentation.

Watch Recording

Co-mingled assets/debts, how do I decipher income and expenses for the business?

Session #5: March 8, 2021

Learn how to decipher income and expenses for businesses that co-mingle assets & debts.

Watch Recording

Borrower in entertainment business, receiving variable income, and has experienced layoff and COVID furlough.

Session #6: March 22, 2021

Learn how to determine what income you can use to qualify your borrower based on Fannie Mae and Freddie Mac guidelines.

Watch Recording

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