Interpreting Your Clients' Tax Returns: How to Become 'The' Expert in a Full-Doc World

by Leslie Petersen

(Updated April 2009)

Don't let tax returns overwhelm you! Do your borrowers a service and close more loans by using this handbook to read tax returns and to maximum income for self-employed borrowers.

Unlike online courses or CDs - having this Handbook on hand every time you look at someones tax returns will save time and give you all of the tools that you need. If you know NOTHING about tax returns or are a seasoned underwriter, this handbook will provide all of the following at your fingertips:

• Easy to follow, Step-by-step directions for calculating cash flow on each and every page of the tax return, including business returns
• Learn how to maximize qualifying income as you go
• Learn how underwriters view self-employed borrowers and different sources of tax income
• Find little known sources of income that underwriters and lenders will accept
• Recognize the differences between Fannie Mae, Freddie Mac, and other investors and how to use this information to get your loans approved

Regardless of your experience level, let this handbook work for you.

Price: $99.00

FHA Quality Control Plan

by Leslie Petersen

Updated and Revised, February 2010

Do you need a Quality Control Plan for your HUD Mini-Eagle? Or you have not updated it in the last couple of years? There is a huge list of exact components required by HUD - so don't let your quality control plan stop you from getting approved or maintaining your ability to originate FHA loans.

The entire plan is individualized with your company name and contact information; and includes the audit process, the reporting process, all reports, and follow up required. Just print and implement.

• For Mini-Eagle Approval; or
• Approved FHA Brokers who need to update their QC plan*
• Compliant with HUD Requirements (Chapter 7 of Handbook HUD 4060.1, REV-2)
• Allows for audits performed internally or contracted to third party services
• Individualized with your company name throughout
• Includes:
  • Comprehensive QC Plan
  • Quality Control Monthly Audit Report
  • Bi-annual Management Review
  • Individual Loan Audit
  • Pre-Underwriting Audit
  • Closing Audit
  • QC Log

You will be contacted to confirm your information. Please allow a few extra days for your plan to be modified with your company information. Q C Plan is delivered to you electronically.

Leslie Petersen is not employed by FHA or HUD. She is an FHA expert who provides quality control plans created to be compliant with HUD requirements, however, there are no warranties regarding the legal consequences resulting from the use of this QC plan or any of the forms included.

Price: $289.00

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