Evaluating and Calculating Borrower Income – Focus on Fixed Sources
Thursday, March 14, 2024
11 a.m. PT / 12 p.m. MT / 1 p.m. CT / 2 p.m. ET
When making an informed underwriting decision, it’s critical to thoroughly evaluate and calculate the borrower’s income. You need to evaluate whether the borrower will be able to make their new mortgage payment AND meet all their other monthly obligations.
During this foundational webinar, we’ll focus on evaluating fixed income sources. You’ll learn how 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 (SEB). MGIC offers specific SEB classes for analyzing returns for corporations, sole proprietors, partnerships, S corporations and rental income.
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Senior Customer Trainer
Meet your presenter, 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.