Mastering Income Calculations for Rock-Solid Preapprovals – The Professional Way!

Want to Avoid Denials and Transaction Issues Due to Improperly Calculated Income? Learn what the pros know about qualifying self-employed and borrowers with variable sources of income.

As a former accountant, mortgage loan originator, subject matter expert and national trainer in the mortgage industry, I understand the importance of generating a valid pre-approval letter. A solid pre-approval isn’t just a piece of paper; it’s the key that unlocks doors to dream homes for your clients.

This comprehensive course is designed for mortgage professionals seeking to enhance their expertise in analyzing individual and business tax returns to accurately determine qualifying income for residential mortgages.

Gain in-depth knowledge of personal and business income structures, including the 1040, Schedule C, D, and E, and how to navigate complex business tax return such as the 1120, 1120S, and 1065. The course covers critical topics like differentiating between taxable income and qualifying income and discusses challenges for borrowers who have variable compensation.  We review of each IRS tax return form and how to identify income and DTI issues before going to underwriting.  Through practical examples and case studies, attendees will learn how to confidently interpret tax documents and apply underwriting guidelines to make informed lending decisions.

Whether you are new to the industry or a seasoned originator, this course will provide you with the skills needed to master the nuances of tax return analysis and improve your loan origination success.  This course is a real game changer. Unlock your potential and impress your customers and Realtors.

In this power-packed 90 minute Video, you will learn:

✅ The Art of Accurate Income Assessment: Discover the secrets to accurately evaluating income sources, whether it’s a standard salary, self-employment, or even unique situations.