Self-Employed Borrowers – Focus on Corporations and Financial Statements
60 minutes
Who Should Attend:
Loan Officers, Processors, Underwriters, Underwriting Managers
Overview:
Heads up: This course assumes you are comfortable building income from tax returns. This intermediate session drills into business financials within files. Bring your questions and experience to this session, where we will:
- Discuss the Corporation (Form 1120) and how it's different from other business structures
- Highlight special considerations when using income from the Corporation for qualifying
- Break down the sections of the Balance Sheet and the Income Statement
- Identify other trend ratios that can assist in evaluating stability of business
Sandra Sweeney
Sandra Sweeney is a mortgage industry veteran with over 35 years of experience. Her varied roles in operations, loan origination, underwriting and management give her a deep understanding and appreciation for many roles present in the industry. Sandra rejoined MGIC in 2013 as an underwriter and recently transitioned to a full-time customer trainer and training program developer. She currently facilitates many of the MGIC national webinar courses. Sandra and her family reside by the water on Smith Mountain Lake, Virginia. In her free time, she enjoys boating, swimming and hiking.
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