Self Employed Borrowers: What to request and how to analyze their income

Self employed borrowers rarely know their true qualifying income—and it’s never as simple as what they “made” last year. In this training, you’ll learn exactly what to request, how to read the documents, and how to calculate taxable income for the most common business structures, including Schedule C, 1120S, and 1065 filers. We’ll walk through the fundamentals of analyzing business returns, identifying addbacks, and determining whether a borrower qualifies before you submit the file. Stop relying on your manager or processor to do the math for you. With a few straightforward steps, you’ll be able to calculate self-employed income confidently and accurately on your own.