Training

Analyzing Self-Employed Borrowers 202 – Zeroing in on Partnerships

60 minutes

Categories: Self-employed borrowers SEB | Income | Skill-based

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 step with this session that zeroes in on evaluating partnerships (Form 1065).

During this 60-minute session, we'll teach you how to document, then calculate and, finally, analyze the following:

  • Use of guaranteed payments as part of qualifying income
  • Why some Schedule K-1s show negative income but positive distributions
  • Receipt of other income and when it can be retained
  • Why LLCs use IRS Form 1065 to report their earnings

Upcoming Sessions:

Recorded Session

Available any time.

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Sandra Sweeney

Senior Customer Trainer & Training Program Developer

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.