Evaluating Self-Employed Income During Tough Economic Times
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
Recorded SessionWatch now
With over 35 years of experience, Sandra Sweeney is a mortgage industry veteran. She has a deep understanding of and appreciation for the various roles in the industry after having worked in operations, loan origination, underwriting, and management.
Now a senior customer trainer and program designer, she facilitates many of MGIC's national webinar courses. Sandra’s live and on-demand webinars focus on critical industry subjects such as the fundamentals of the mortgage process, how MI works, topics involving self-employed borrowers, how to review an appraisal, and more.
You can see Sandra in action throughout MGIC’s on-demand video series called Magic Minutes. These 15-minute tutorials help mortgage industry pros expand their knowledge on important topics like evaluating and calculating borrowers’ income.
All-in-one self-employed income
calculator, rental income calculator