Training
Analyzing Self-Employed Borrowers 101 – Getting Started & the Sole Proprietor
75 minutes
In this introductory session, we’ll cover the foundational concepts you will need in your analysis of your borrower’s qualifying income, with a focus on the sole proprietor. We’ll review what criteria must be met in order to use self-employed income and what documentation is required.
During this 75-minute webinar, we’ll:
- Learn 3 key concepts that you will use during the cash flowing process
- Calculate qualifying income for a sole proprietor from Schedule C
- Discover when business mileage depreciation can be added back
- Review how to conduct analysis of earning trends
- Identify the steps to take if the business is showing declining income trends
Sandra Sweeney
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.