Evaluating Self-Employed Income with Potential Impact from COVID-19
Who Should Attend:
Loan officers, loan officer assistants, processors, underwriters and underwriting managers
Calculating the qualifying income of a self-employed borrower is often challenging – but throw a pandemic into the mix – and it becomes daunting! Let us help you identify where to start, what additional documentation is needed and how to analyze income trends.
- Questions to consider regarding COVID-19’s impact on your borrower’s business
- Interpreting YTD financial statements
- MGIC’s P&L Statement analysis tool
- Impact of YTD earnings on qualifying income