*Evaluating Self-Employed Income During Tough Economic Times*
60 minutes
Who Should Attend:
Loan officers, loan officer assistants, processors, underwriters and underwriting managers
Overview:
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.
Topics include:
- 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
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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