MPF® University Welcomes MGIC: How to Evaluate and Calculate Borrower Income (Focus on base, hourly, overtime bonuses and commissions)
To make an informed underwriting decision, it is critical to thoroughly evaluate and calculate borrower income. Will the borrowers be able to make their new mortgage payment AND meet all their other monthly obligations?
During this interactive webinar facilitated by MGIC, you will learn to:
- Document and calculate various income types such as base, hourly, overtime, bonuses, and commissions.
- Analyze your results for stability and trends.
Who should attend?
The presentation is recommended for:
- Loan Officers
- Loan Processors
- Quality Control Staff