1065/K-1 Partnership Analysis – Self-Employed Borrower

30-Minute Session
Learn how to calculate qualifying income for a self-employed borrower. This hands-on course includes analysis for a Partnership (1065/K-1) using a cash flow analysis method. You will learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income.

1120 Corporation Analysis – Self-Employed Borrower

30-Minute Session
Learn how to calculate qualifying income for a self-employed borrower. This hands-on course includes analysis for a CORPORATION (1120) using a cash flow analysis method. Participants will receive our cash flow analysis tools, a cash flow worksheet (PDF) and calculator (Excel) to help you in your daily practice.

1120S/K-1 S-Corporation Analysis – Self-Employed Borrower

30-Minute Session
This hands-on course includes analysis for a S-CORPORATION (1120-S/K-1) using a cash flow analysis method. Participants learn how to apply FNMA and FHLMC guidelines to the Schedule K-1, evaluate business liquidity and determine qualifying income.

2024 End of Year Review Game!

30-Minute Session
Wrap up the year with a fun end-of-year review game! Test your knowledge of Fannie and Freddie guidelines and highlights from our most popular Essentials Live topics of 2024.

8825 Rental Properties: Borrower Personally Obligated on the Mortgage?

30-Minute Session
Do I cash flow the property or do I cash flow the business? Master the essentials of managing 8825 rental properties with confidence!

Accessory Dwelling Units (ADU) Essentials: What to Do?

30-Minute Session
Discover the potential of Accessory Dwelling Units! Learn how and when to use ADU rental income.

Advanced 8825 Rentals

30-Minute Session
When can I offset the mortgage? Can I add back depreciation? How do I cash flow a property? Get answers to these questions and more.

Prerequisite: Variable Income Analysis

Advanced Variable Income

45-Minute Session
Learn to tackle real-world challenges like hourly rate increases, significant income increases and variable hours. Practice hands-on scenarios and learn to apply GSE guidelines for accurate income assessments.

Prerequisite: Variable Income Analysis

Analyzing Income on 2– to 4–Unit Primary Residences!

30-Minute Session
Master rental income analysis to properly calculate income on a 2– to 4–unit owner occupied property.

Boosting Borrower Approval – Leveraging Hourly Pay Rate Increases

30-Minute Session
Understanding how hourly pay rate increases can help your borrower get into their dream home. This follows FHLMC’s 8 step process.

Collateral Assessment Risk Score Less Than 2.5? Streamline Your Appraisal Review!

30-Minute Session
What are you responsible for when FNMA Collateral Underwriter^® (CU^®) and FHLMC Loan Collateral Advisor^® (LCA) provide representations and warranties with a score less than 2.5. Sometimes less can be more.

Don't be Fooled! Let's Talk Fraud Misrep.

30-Minute Session
Learn important strategies and tactics to combat occupancy and seller impersonation fraud prevalent today.

Don't be Fooled! Let's Talk Fraud Misrep. Part 2 – W-2s & Tax Returns

30-Minute Session
Discover strategies to combat W-2 and income tax return fraud head-on. Learn defenses against today’s prevalent scams to stay ahead of the game.

Don't be Fooled! Let's Talk Fraud Misrep. Part 3 – Paystubs & Employment

30-Minute Session
Ready to outsmart paystub and employment fraud? Learn key strategies and tactics to prevent mortgage fraud.

Don't be Fooled! Let's Talk Fraud Misrep. Part 4 – Occupancy and Asset Fraud

30-Minute Session
Learn how to tackle fraudulent occupancy and asset strategies and techniques to safeguard financial integrity when reviewing origination files.

Don't Get Spooked by Short Term Rentals

30-Minute Session
Learn how to review short-term rental income guidelines, when you can use it as income and how to document it.

FAQs on Assets (Micro Session)

20-Minute Micro Session
Review 8 FAQs about assets and get the answers!

Focus on Assets: Acceptable Documentation and Eligible Sources

60-Minute Session
This module will look at eligible sources for funds to close and reserves (if applicable) as well as the requirements for asset documentation. The course is designed for the participant to gain an understanding of eligible and ineligible sources of funds, interested party contributions (IPCs), large deposits, business assets, reserves and acceptable documentation for assets.

Intended Audience: Mortgage professionals seeking fundamental knowledge of asset documentation and various types of acceptable assets for qualifying for a mortgage loan.

GSE Documentation Requirements for Rental Properties

30-Minute Session
Review GSE requirements regarding documenting rental income, including leases, security deposits, appraiser's opinion of market rent and more!

Is Your Borrower New to Working in the U.S.?

30-Minute Session
Discover what income counts and how to qualify your borrower for their new home.

K-1 Analysis: Less than 25% Ownership, Simplified!

30-Minute Session
Learn to analyze K-1 forms for borrowers with less than 25% ownership and when to use that income.

K-1 Series: Are Distributions Higher than Ordinary Income? (Micro Session)

20-Minute Micro Session
How can a borrower withdraw more than they have earned? What if they are showing a loss? Learn when this is acceptable and when it could be a red flag.

K-1 Series: How to Establish Liquidity When the Schedule L is Blank (Micro Session)

20-Minute Micro Session
Discover the different types of documentation that can be used to determine liquidity.

K-1 Series: K-1 Comparison (Micro Session)

20-Minute Micro Session
Learn the differences between FNMA & FHLMC guidelines for calculating your self-employed borrowers income when they own a K-1 business.

K-1 Series: Understanding Business Liquidity (Micro Session)

20-Minute Micro Session
Learn the 3 big benefits of proving liquidity in your self-employed borrowers’ businesses.

Let's Talk Income Challenges: Job Jumps Made Simple

30-Minute Session
Tackle income hurdles with ease! Learn how to assess borrowers with multiple job changes and make confident decisions.

Matters of Appraisals

30-Minute Session
From manufactured housing to home flipping, learn why appraisal comments matter!

Navigating Employment Obstacles

30-Minute Session
Whether your self-employed borrower is moving to a new state, had a substantial income change, or any other challenging variable income scenario, this is the session for you!

New GSE Documentation Requirements for Rental Properties

30-Minute Session
Review GSE requirements regarding documenting rental income, including leases, security deposits, appraiser's opinion of market rent and more!

Paystubs – Frequency & Formulas (Micro Session)

20-Minute Micro Session
Practice determining frequency of pay and how to accurately qualify your salaried borrowers.

Qualifying a Farmer

30-Minute Session
Learn how to accurately qualify a farmer with key line items on Schedule F. Review co-mingled personal and business assets, non-taxable cooperative distributions and commodity credit corporation loans, other income and more.

Quick Tips for Bonus/Overtime (Micro Session)

20-Minute Micro Session
Practice calculating variable income analysis using two commonly encountered types of income.

Rental Income – Schedule "E" Made Easy (Micro Session)

20-Minute Micro Session
Download our Rental Property Investment Calculator and join us for a hands-on session. In just 20 minutes, you will learn how this great tool not only saves you time but also walks you through the income analysis step by step to accurately qualify your borrower.

Rental Income – Schedule "E"asy

60-Minute Session
Get a guided tour of Schedule E as we take you through a cash flow analysis for a borrower’s investment properties. In this 60-minute online workshop, you'll learn the ‘why’ behind allowable add-backs in the cash flow analysis of investment property and receive hands-on practice using our Cash Flow Analysis Worksheet.

Salaried Income Analysis

60-Minute Session
Mortgage professionals participating in this course will learn Agency guidelines for income calculation and documentation. With guidance from an Essent facilitator, participants will learn to interpret the cadence with which a borrower’s income is received and also practice calculating the base, monthly, qualifying income in nine separate exercises. The practice exercises include various salaried, military, teacher and non-taxable income scenarios.

Schedule C – Only the Schedule C

60-Minute Session
Find out why line items matter on a Schedule C! In this hands-on course, you'll learn the proper adjustments to help qualify your borrowers. We'll review multiple Schedule C examples and complete a cash flow analysis for each.

Schedule C – Why Line Items Matter (Micro Session)

20-Minute Micro Session
Learn why line items matter on a Schedule C so you can properly make cash flow adjustments when analyzing the borrower who is a sole proprietor of a business.

The ABCs of RSUs

30-Minute Session
Learn the ins and outs of Restricted Stock Units (RSUs) and when they can be used as qualifying income.

Variable Income Analysis

60-Minute Session
Mortgage professionals participating in this course will learn Agency guidelines for analyzing variable income in addition to learning how to identify potential sources of variable income. With guidance from an Essent facilitator, participants will practice calculating the eligible monthly qualifying income for four different variable income types.

W-2 Corporation - Is a Cash Flow Analysis Required?

30-Minute Session
Do you need a cash flow analysis for W-2 borrowers who own a corporation? Join us to explore Fannie Mae and Freddie Mac guidelines and qualify your borrowers accurately.

When a Negative Becomes a Positive

30-Minute Session
Learn how to qualify borrowers even with recent tax return losses. Join us to master business return analysis!