Posted on April 4, 2018Last week’s blog we went over the differences for self-employed borrower’s income calculations between FHA and the conventional loan programs from Fannie & Freddie Mac. The article was well received, and we were able to get a good amount of feedback from the “pro-deduction” versus “anti-deduction” camps on why they calculated income using the process they advocated for, so thank you for all the feedback! Our next widely debated topic […]
Posted on September 4, 2016Recently our family had a hard decision to make. Do we cut down a 40 foot flowering cherry, or risk damage to our home. When we moved into our home the previous owner had planted a beautiful flowering cherry at the corner of the house. Every spring our front yard would be a showpiece as the flowering cherry would turn white for a few weeks. which is […]
Posted on August 29, 2016Most Popular Income Type in the US In the world of underwriting the self-employed borrower gets a ton of attention. If you ask for underwriting training, in most cases the majority of the time will be spent going over tax returns, 1088 forms, distributions, and cash flow analysis. The complexity of the income calculations can get people very worked up in trying to understand how much this […]
Posted on July 19, 2014Michael Whitbeck gets interviewed by Adam Lesner about Uberwriter. Adam is a loan officer with Michigan First Mortgage and is an a passionate advocate for the borrower and devotes his website www.balancedprocess.com to the education and support of those seeking home financing. Adam recently discovered UberWriter and interviewed Michael for his website. See what others have to say about UberWriter.
Posted on July 10, 2014Continuing on the excellence started by UberWriter, the team has added helpful calculators for Solvency, Comparative Income Analysis, LP Open Access, and Cash To Close. These helpful calculators will save you time and money. The Solvency (or acid test) calculator is for self employed borrowers who report earnings on 1065, 1120, or 1120S tax forms. This calculator grades how well a company could pay its current debts […]