Training
Analyzing Self-Employed Borrowers 202 – Zeroing in on Partnerships
60 minutes
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:
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.