Self-Employed Borrowers Haven’t Filed Their 2018 Taxes?

Newfi Wholesale Products

Do you need to take advantage of your self-employed borrowers 2018 income but they haven’t filed their taxes yet?

No problem! With Newfi’s Sequoia CPA program your borrower can qualify using a CPA prepared P&L covering the last 12 months. It’s super easy, here’s how it works.

  • Self-employed borrowers only
  • Minimum 2 years in current profession and minimum 50% ownership in business
  • Borrower provides a CPA prepared P&L covering the last 12 month period
  • P&L end date must be within 90 days of closing
  • CPA must attest to the following
    • CPA prepared borrowers most recent tax returns
    • CPA has either audited the borrowers financials or reviewed working papers provided by the borrower
    • P&L accurately represents a summary of the business cash flow
  • Qualify using the net income stated on the P&L

What’s better? If you’re a CALYX Point user, you can now run all of your Non-QM scenarios through our pricing and eligibility engine right in your Point file.

Don’t use Point? That’s OK too, here’s a link our Pricing and Eligibility Tool on the Newfi website.

Contact your Newfi rep to get started!