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
Sandra Sweeney, senior customer trainer and training program developer for MGIC, has a mortgage industry career that spans over four decades. Her previous experience in loan origination, underwriting and management has given her a deep understanding of and appreciation for various industry roles.
In her current role, Sandra oversees the design of many MGIC training resources, including the self-employed borrower income series, the Magic Minutes training series, and income calculation tools. In developing and facilitating training, she aims to break down complex concepts into easily digestible knowledge and help mortgage professionals build the skills to become trusted advisors for their borrowers.
Sandra lives at Smith Mountain Lake, Virginia, where she enjoys volunteering for various organizations, boating, and enjoying water sports with her family.