Analyzing Income for the Self-Employed Borrower
Learn how to calculate qualifying income using a cash flow analysis method. This practical, hands-on course is designed to walk the participant through a thorough analysis of self-employed borrower income by completing a full cash flow analysis. The case study includes analysis for a partnership (K-1/1065) and a corporation (1120). Participants will receive a cash flow worksheet (pdf) and a calculator (excel), which will aid in the application of their learning on the job.
Intended Audience: Mortgage professionals who have at least one year’s underwriting experience and a solid understanding of the various business structures and tax forms.