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Analyzing Self-Employed Borrowers 201 – Concentrating on S Corporations
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 S corporations (Form 1120-S).
During this 60-minute session, you'll learn how to document, then calculate and, finally, analyze the following:
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Percentage of ownership and the impact on required documentation
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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
- Review income trends year over year to determine earnings stability
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Sandra Sweeney
Senior Customer Trainer
MGIC
Meet Sandra Sweeney
Sandra is a mortgage industry veteran with over 35 years of experience. Her varied roles in operations, loan origination, underwriting and management give her a deep understanding and appreciation for many roles present in the industry. Sandra rejoined MGIC in 2013 as an underwriter and recently transitioned to a full-time customer trainer and training program developer. She currently facilitates many of the MGIC national webinar courses. Sandra and her family reside by the water on Smith Mountain Lake, Virginia. In her free time, she enjoys boating, swimming and hiking.
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