[SS LO] Analyzing Borrower Qualifications
Course Description
The process of ensuring an applicant is qualified for a loan begins with analyzing the borrower’s assets and liabilities, income, credit, and other characteristics related to his or her financial condition. Various calculations may need to be performed, specifically those related to the potential borrower’s income, which will vary depending upon whether the applicant is self-employed or a salaried, hourly, or commissioned employee.
This course provides an overview of the analysis performed in order to determine whether a loan applicant is fit for a loan, which includes a review of income, assets, and liabilities. This course will also review income calculations, including examples.
20 Minutes
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