If your borrower owns rental property through a partnership or S corporation, IRS Form 8825 is one of the most important documents in the loan
As more and more people pursue a side hustle to supplement their income, one smart investment option that many people are diving into is the
New Year’s is an interesting holiday to me. It is the only holiday that seems to prompt the most change in people’s lives. When you
ACES reports income errors lead loan defect reasons 11th straight quarter When I write a blog headline, I try to balance the blog name between
Can you use K1 income with less than 25% ownership? K-1 income(loss) is generated from standard business structures defined by the IRS which are Partnerships
One of the lessons I learned during my underwriting career is that the most likely reason a borrower defaults is due to their DTI ratio
Freddie Mac Bulletin 2022-18 offers new method of income calculations for 1099 borrowers. The United States is looking at earning income much differently than it
FHA has recently amended their guidelines to allow more flexibility to calculate income for borrowers whose variable income was affected by the COVID 19 pandemic
When completing income analysis for self employed borrowers there are a few key steps that must be followed. A liquidity test must be performed before
Calculating K-1 income for self employed K-1 income for self-employed borrowers is one of the most common questions we receive. We understand—it’s complicated. As mortgage
This time of the year we all have an important to-do list item…. tax preparation. I try to make sure I turn in my numbers
As a person that has worked, trained, and mentored in the mortgage underwriting world for 27 years, I definitely guessed the profit and loss situation
When January rolls around we often see encouraging messages, stories, tweets, or other social media posts encouraging us as we cross into the new year.
Working in the mortgage business means you get a little more involved in your clients life then the typical financial transaction. Speaking for myself, that
Most of us have yearly traditions, for example I completed my second year of spending New Years Eve in Florida versus good old snowy Michigan!
