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Justin Fitzhugh

Ensure Self-employed Borrowers can Qualify for a Mortgage: Fannie Mae offers online course

Thursday, October 16, 2014 - Article by: Justin Fitzhugh - Nations Lending Corporation - Message

This course is designed for underwriters who are new to analyzing self-employment income and who want to learn Fannie Maes approach to underwriting self-employed borrowers.

Course is Today, October 16th @ 2:00pm EST, 11AM PST

One of the challenges facing today's underwriters is ensuring that self-employed borrowers can qualify for a mortgage. The goal is to decide if the borrower's income is stable, ongoing, and sufficient to make the monthly mortgage payment without adversely affecting the business.

In this course, you will learn the basics of how to evaluate self-employment income. In particular, you will learn Fannie Mae's guidelines for determining whether a borrower is self-employed and analyzing personal and business tax returns. You will also learn how to identify principal business structures, and perform a cash flow analysis and comparative income analysis.

Learn more and Register:https://www.fanniemae.com/content/distance_learning/self-employment-income-10162014

Nations Lending Corporation differentiates itself through its common sense underwriting. We make it our mission to objectively look at every loan application. Our mortgage branch opportunities feature average 28-day closings with minimum overlays. We are not a net branch mortgage company, but we are a far better alternative than any net branch opportunity out there.

Visit our website to learn more

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