Training
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
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.