Self-Employed Borrowers - Focus on Corporations and Financial Statements

60 minutes

Categories: Self-Employed Borrowers | Income and Assets | Skill-based

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

Upcoming Sessions:

September 23, 2021

10:30am CDT

Register

Recorded Session

Available any time.

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Rebecca Chase

Rebecca joined MGIC in 1998 and now focuses full time on training others. She has always enjoyed sharing her knowledge to help others succeed and understand the need for the information. She currently hosts many of the MGIC national webinar courses. Rebecca began her mortgage career in a retail bank as an underwriter and then moved into production as a loan officer and sales manager. Before moving into training at MGIC, she worked as a senior underwriter. A Midwest native, Rebecca now lives with her husband in the Tampa Bay area. In her spare time, she referees college indoor and beach volleyball across the country.

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