Training
Evaluating and Calculating Borrower Income – Focus on Fixed and Variable Sources
75 minutes
Who Should Attend:
Processors, underwriters, loan officers
Overview:
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, you will learn to:
- Document various income types
- Calculate various types of qualifying income
- Analyze your results for stability
Note:
This class does not include evaluating self-employed borrowers. MGIC offers specific Self-Employed Borrower classes for analyzing returns for Corporations, Sole Proprietors, Partnerships, S Corporations, Financial Statements and Rental Income.
Upcoming Sessions:
Sandra Sweeney
Sandra Sweeney, senior customer trainer and training program developer for MGIC, has a mortgage industry career that spans over four decades. Her previous experience in loan origination, underwriting and management has given her a deep understanding of and appreciation for various industry roles.
In her current role, Sandra oversees the design of many MGIC training resources, including the self-employed borrower income series, the Magic Minutes training series, and income calculation tools. In developing and facilitating training, she aims to break down complex concepts into easily digestible knowledge and help mortgage professionals build the skills to become trusted advisors for their borrowers.
Sandra lives at Smith Mountain Lake, Virginia, where she enjoys volunteering for various organizations, boating, and enjoying water sports with her family.