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Assessing Income for Partnership Applicants

Course Description

Accurate income assessment on borrowers with partnership income comes with unique challenges. This course educates students on the documents that must be collected on borrowers with partnership income, as well as analyzing that documentation in order to accurately calculate income. What You'll Learn: Identify documentation that should be provided by partnership owners to meet income documentation requirements. Review commonly seen documentation needed within the loan process to qualify an applicant for a mortgage. Calculate income for partnership owners. Recognize common potential issues within the loan process mortgage professionals may run into, that they should be prepared for and how they can be resolved.
45 Minutes
Series: Mortgage 101
Roles: Mortgage Professionals, Mortgage Closer, Mortgage Loan Originator, Mortgage Lock Desk, Mortgage Processor, Mortgage Servicer, Mortgage Underwriter
Course Format: Online Self-Paced

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