Evaluating and Calculating Borrower Income – Focus on Variable Sources

60 minutes

Categories: Income and Assets | Skill-based

Evaluating variable income can be challenging due to its fluctuating nature. Plus, you have to understand all the Agency guidelines for analyzing variable income. Learn how to analyze income trends along with other factors so you can make the best underwriting decisions when calculating variable income.

During this webinar, we will examine specific case studies involving:

  • Commission
  • Overtime
  • Bonus
  • Shift differential

Note: This class does not include evaluating self-employed borrowers (SEB). MGIC offers specific SEB classes for analyzing returns for corporations, sole proprietors, partnerships, S corporations and rental income. 

Upcoming Sessions:

Recorded Session

Available any time.

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Sandra Sweeney

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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