MGIC | Self-Employed Borrowers – Focus on Getting Started and the Sole Proprietor

Self-Employed Borrowers – Focus on Getting Started and the Sole Proprietor

This webinar was recorded on April 5, 2023.

Webinar Materials: https://www.mgic.com/training/seminar-materials/seb-sam-basic

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

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Self-Employed Borrowers – Focus on Getting Started and the Sole Proprietor