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Analyzing Self-Employed Borrowers 101 – Getting Started & the Sole Proprietor
April 3 @ 3:00 pm - 4:15 pm
In this introductory session, we’ll cover the foundational concepts you will need in your analysis of your borrower’s qualifying income, with a focus on the sole proprietor. We’ll review what criteria must be met in order to use self-employed income and what documentation is required.
During this 75-minute webinar, we’ll:
- Learn 3 key concepts that you will use during the cash flowing process
- Calculate qualifying income for a sole proprietor from Schedule C
- Discover when business mileage depreciation can be added back
- Review how to conduct analysis of earning trends
- Identify the steps to take if the business is showing declining income trends
