Home  ::  Log In  ::  Search :: 
Classroom-Based Programs
Conferences and Workshops
Instructor-Guided Online Courses
Live Webinars

Designations and Certificates
Magazine and Newsletter Subscriptions
Market and Research Data
Publications and Guides
Self-Study Web-Based Courses
Webinar Recordings and Packages

RC_LP_U_306.1 Business Structures for Self-Empl. Borrowers
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011094-WC-W
Delivery Options: N/A

Description of Product

This is a single-family/residential course.

Various sources indicate that the number of self-employed workers is increasing. Understanding the different business classifications and methods used to report income is key to deriving a stable monthly income figure for self-employed customers that pursue a residential mortgage loan.

Qualifying self-employed applicants for a residential mortgage loan is more complex than qualifying their salaried counterparts. In this module, we explore business structures for self-employed borrowers and examine the income tax reporting methods used to derive a monthly qualifying income for these individuals. Please note that this module focuses on requirements for underwriting conventional loans for sale to Fannie Mae and Freddie Mac. Although this provides a good standard for underwriting practices in general, requirements for portfolio loans, government loans, and private investors may differ.


  • Determine the Business Structure
  • Documentation Requirements
  • Review and Analyze Income

    Seat time approximately one (1) hour.

    Copyright 2016.

    Product Category:
    Self-Study Web-Based Courses 
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

    Contact E-mail:
    RC_LP_U_306.1 Business Structures for Self-Empl. Borrowers 
    You may also be interested in these products...
    RC_LP_U_306.2 Evaluating Sole Proprietorships
    RC_LP_U_306.3 Evaluating Partnerships
    RC_LP_U_306.4 Evaluating Corporations

       Terms of Use & Privacy Statement

    Copyright © 2019 Mortgage Bankers Association.  All rights reserved.