Self-Employed Borrowers – Focus on the Sole Proprietor and Rental Income
During this comprehensive webinar we’ll walk you through the Personal tax return. We’ll also take you on a step-by-step review of the Sole Proprietor and Rental Income. Defining common terms and theories, such as nonrecurring vs. recurring income or expenses, will help you develop a clearer picture of your self-employed borrower’s income and financial standing.
This webinar will provide:
- A review of the Personal tax return (Form 1040) and its schedules
- An in-depth look at the Sole Proprietor (Schedule C) and Rental Income (Schedule E)
- Ways to increase efficiency in processing and underwriting self-employed borrower loan applications
- A review of documentation requirements, acceptable income and underwriting criteria
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