Training

Self-Employed Borrowers – Focus on Getting Started and the Sole Proprietor

60 minutes

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

We'll walk through the fundamentals of using tax returns as documentation of your borrower's qualifying income, and cover these basic questions: When do I need tax returns? Why do I need them? What do I look at when I receive them?

Whether you're new to analyzing tax returns or looking for a refresher, you'll gain the critical skills that mortgage teams need — from assistants to underwriters.

During this webinar, we will:

  • Review personal and business tax return forms and schedules
  • Identify documentation required for various types of business structures
  • Calculate qualifying income for a Sole Proprietor using the Schedule C form

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.