Self-Employed Borrowers - Focus on Getting Started and the Sole Proprietor
Who Should Attend:
Loan Officers, Processors, Underwriters
We'll walk through the fundamentals of using tax returns as documentation of your borrower's qualifying income, and cover these basic questions: When do I need tax returns? Why do I need them? What do I look at when I receive them?
Whether you're new to analyzing tax returns or looking for a refresher, you'll gain the critical skills that mortgage teams need — from assistants to underwriters.
During this webinar, we will:
- Review personal and business tax return forms and schedules
- Identify documentation required for various types of business structures
- Calculate qualifying income for a Sole Proprietor using the Schedule C form