Calculate Self Employed Income with Loan Beam
GMFS Makes it Easy to Calculate Self-Employed Income with Loan Beam!
LoanBeam is a self employed income calculation tool which provides FNMA, FREDDIE MAC AND FHA self employed calculations of tax returns.
The product cannot do the calculation of YTD Profit and Loss statements so if a P+L is needed, this calculation and income determination must be done outside of LoanBeam.
All retail self employed borrowers should be run thru this system if they have any LLC’s, S-Corps or C Corps.
You will have the option of calculating income for borrowers who’s only self employed income is schedule C income, but it is still recommended you use this tool to confirm your calculation.
Click the link for a quick guide on Loan Beam