Self-Employed Borrowers - Focus on Partnerships and S Corporations

60 minutes

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

Who Should Attend:
Loan Officers, Processors, Underwriters

Overview:
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 Partnerships (Form 1065) and S Corporations (Form 1120-S). Regardless of the type of business, we'll teach you 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
  • Income trends year-over-year and, possibly, year-to-date

Upcoming Sessions:

August 24, 2021

2:00pm CDT

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September 20, 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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