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Learn how to calculate qualifying income using a cash flow analysis method. This practical, hands-on course is designed to introduce mortgage professionals to the various types of self-employed borrowers, illustrate allowable add-backs to, and required deductions from, income. Includes a step-by-step walk-through of accurate income calculation for commissioned borrowers, sole proprietors, and rental property owners. Participants will receive cash flow worksheets and access to calculation tools, which will aid in the application of their learning on the job.
Pre-Work Recommended: Review commissioned borrower, sole proprietor, and rental property owner and complete applicable worksheets. Pre-Work will be reviewed in detail during a Live Webinar covering key learning objectives.
Intended Audience: Mortgage professionals with a basic understanding of personal tax returns and cash flow analysis.