Self-Employed Borrowers – Focus on S Corporations
Once you've learned the basics of building qualifying income from the tax returns of self-employed borrowers, you'll be ready to take your knowledge to the next level with this session that zeroes in on evaluating S corporations (Form 1120-S).
During this 60-minute session, you'll learn how to document, then calculate and finally, analyze the following:
- Percentage of ownership and the impact on required documentation
- Stability of K-1 income by evaluating distributions and/or liquidity
- Impact of mortgage and notes payable in less than 1 year on qualifying income
- Review income trends year-over-year to determine earnings stability
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.
All-in-one self-employed income
calculator, rental income calculator