Training
Analyzing Self-Employed Borrowers 301 – Focusing on Corporations & Financial Statements
60 minutes
Heads up: This course assumes you are comfortable building income from tax returns. This intermediate session drills into business financials within files.
Bring your questions and experience to this 60-minute session, where we will:
- Discuss the corporation (Form 1120) and how it's different from other business structures
- Highlight special considerations when using income from the corporation for qualifying
- Break down the sections of the balance sheet and income statement
- Identify other trend ratios that can assist in evaluating the stability of the business
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.