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 is a mortgage industry veteran with over 35 years of experience. Her varied roles in operations, loan origination, underwriting and management give her a deep understanding and appreciation for many roles present in the industry. Sandra rejoined MGIC in 2013 as an underwriter and recently transitioned to a full-time customer trainer and training program developer. She currently facilitates many of the MGIC national webinar courses. Sandra and her family reside by the water on Smith Mountain Lake, Virginia. In her free time, she enjoys boating, swimming and hiking.
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