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 Mae 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
Learn how to avoid the common pitfalls of income calculation. In 30 minutes or less, we will show you how to accurately identify when you can use agency guidelines for salaried borrowers to qualify your borrowers who receive an hourly rate of pay.
Learn the difference between recourse and non-recourse loans and how are those debts allocated based on the structure of the business. Understand how to use this information to analyze the level of the borrower's financial risk.
The borrower's occupation is Journeyman type, construction work. Their hours fluctuate weekly and there are two big job gaps within the past three years. In this session, we will use Agency guidelines to answer whether this income can be used to qualify for a mortgage.
Essentials Live! Recorded Sessions: Q3 2021
Shift Differential. What is it? Can I use it as income to qualify the borrower?
Participants will learn how Shift Differential is earned and how to apply Fannie Mae and Freddie Mac guidelines.
Deferred Compensation, can I use it as income?
Participants will learn what FNMA and FHLMC guidelines state, and how to apply a particular scenario.
Do I have to complete a cash flow analysis if my borrower receives W-2 income from their corporation?
We will review FNMA and FHLMC guidelines for Borrowers who own a Corporation and determine how to properly qualify your Borrower.
Essentials Live! Recorded Sessions: Q2 2021
1065 is BLANK, where's the income?
Learn what to look for when the first page of the 1065 is blank, and see where income may be reported.
Clergy filing Sch. C and has housing allowance too. What's his qualifying income?
Learn how to document and determine qualifying income for your borrowers who are Clergy members.
My borrower has a business with rental property, yet the mortgage is in my borrower's name. Can I offset the payment?
Following guidance from the GSEs, we will show you the steps to calculate the correct DTI.
Two borrowers share equal portions of ownership, in three businesses. How do I document and calculate their income?
Learn how to properly document self-employed borrowers who own multiple businesses.
Borrower is personally obligated on a business-owned rental property. Is it debt or is it income?
Follow along as we demonstrate how to solve for this using both Fannie and Freddie guidelines. Hint: The final answer will come out differently depending upon which set of guidelines is followed.
Essentials Live! Recorded Sessions: Q1 2021
My borrower had their highest income in 2020. Can it be used to qualify?
Learn how the temporary guidance and overlays related to COVID-19 affect qualifying income when their income trend is increasing.
How do I analyze my borrower's handwritten P&L?
Learn how to calculate income for Self-Employed Borrowers who use a handwritten ledger or provide minimal details around their P&L.
Month-to-month trends analysis, can it resolve discrepancies?
Learn how to effectively review a month-to-month income analysis, so you can quickly identify trends and resolve any income discrepancies.
Borrower’s business looks profitable, but is it truly stable income?
Learn how to determine and support a stable income amount without asking for additional documentation.
Co-mingled assets/debts, how do I decipher income and expenses for the business?
Learn how to decipher income and expenses for businesses that co-mingle assets & debts.
More Essentials Resources
Easily skip what you know, re-review content that deserves a second look and be quizzed along the way.
Sharpen your professional skills on your schedule with our recorded webinar sessions.