• Apr 25, 2024
  • 1:00 PM

MPF® University Welcomes MGIC: Focus on Getting Started and the Sole Proprietor

Summary

Overview

In this introductory session, we’ll cover the foundational concepts you will need in your analysis of your borrower’s qualifying income, with a focus on the sole proprietor. We’ll review what criteria must be met to use self-employed income and what documentation is required.

  • Calculate qualifying income for a sole proprietor from Schedule C
  • Discover when business mileage depreciation can be added back
  • Review how to conduct analysis of earning trends
  • Identify the steps to take if the business is showing declining income trends

Who should attend?

The presentation is recommended for:

  • Loan Officers
  • Loan Processors
  • Underwriters
  • Quality Control Staff
https://attendee.gotowebinar.com/register/2900774893768665174

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