April 2, 2025

Evaluating Self-Employed Income Training

Hosted by IFA Master Servicer

The Iowa Finance Authority's (IFA) master servicer, the Idaho Housing and Finance Association, will be partnering with MGIC to host a training to discuss evaluating self-employed income.

The comprehensive training will walk through the fundamentals of using tax returns as documentation for your self-employed borrower's qualifying income. Evaluating personal tax returns, business tax returns as well as financial statements.

The session will help you:

Dig deeper through self-employed borrower's tax returns to develop a clear picture of their monthly cash flow and overall financial standing.

Gain a better understanding of business structures, what tax forms are required to document income, and what factors to consider when you cash flow income.

Learn how to evaluate cash flow and analyze business earnings trends to determine whether the borrower's business is financial stable and likely to continue to be profitable.

Determine when balance sheets or year-to-date profit and loss (P&L) statements are required in order to establish stability or continuity of self-employed income.

Wed., April 16 | 11:00 a.m. - 12:30 p.m. CDT

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