Freddie Mac Income Calculator: Deriving Precise Income with Speed, Aug. 13

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About the Event

This is a sponsored webinar. Please be advised your contact information will be shared with the sponsor.

Enhance your efficiency and elevate the borrower experience with the Freddie Mac Income Calculator.

Join us for Part 2 of our webinar series as we explore how to simplify income calculations—from straightforward to complex—for a variety of wage earners and self-employed borrowers.

The Freddie Mac Income Calculator is a free online tool that helps assess income in alignment with our Single-Family Seller/Servicer Guide requirements. It also offers the potential for income representation and warranty (R&W) relief eligibility.

In this webinar, Loan Originators will learn:

How this tool can save you time and money compared to manual calculations
Tips and best practices on how to enter income data for a wage earner borrower using paystubs and W-2s
Tips and best practices on how to enter tax data for a self-employed borrower using tax returns
How the tool calculated the income amount(s) and potential R&W relief eligibility results
How to use the report ID in the Loan Product Advisor® (LPA®) submission

Date/Time:

Wednesday, August 13 (2:00 PM – 3:00 PM ET)

Objectives:

Understand what’s needed to use the income calculator based on the income type
Identify the derived income calculation and eligibility for income R&W relief
Make faster and more informed decisions

Experience Level:

Entry Level
Intermediate
Advanced

Target Audience:

Loan Originators
Loan Officer Assistants
Underwriters
Processors
Corporate Trainers

Speaker(s):

Susan Thoma, Learning Solutions Manager, Freddie Mac
Patti Howard, Client Education Services Senior Trainer, Freddie Mac