Training

Self-Employed Borrowers – Focus on Corporations and Financial Statements

60 minutes

Categories: Self-employed borrowers | Income | 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:

Recorded Session

Available any time.

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Sandra Sweeney

Senior Customer Trainer and Training Program Designer

Sandra Sweeney

With over 35 years of experience, Sandra Sweeney is a mortgage industry veteran. She has a deep understanding of and appreciation for the various roles in the industry after having worked in operations, loan origination, underwriting, and management.

Now a senior customer trainer and program designer, she facilitates many of MGIC's national webinar courses. Sandra’s live and on-demand webinars focus on critical industry subjects such as the fundamentals of the mortgage process, how MI works, topics involving self-employed borrowers, how to review an appraisal, and more.

You can see Sandra in action throughout MGIC’s on-demand video series called Magic Minutes. These 15-minute tutorials help mortgage industry pros expand their knowledge on important topics like evaluating and calculating borrowers’ income.

UPDATED FOR TAX YEAR 2023!

All-in-one self-employed income
calculator, rental income calculator
and more!

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