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Analyzing Self-Employed Borrowers 201 – Concentrating on S Corporations

Recorded on 4/9/26

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:

  • 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
  • Review income trends year over year to determine earnings stability

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Sandra Sweeney

Senior Customer Trainer

MGIC

Meet Sandra Sweeney

Sandra Sweeney, senior customer trainer and training program developer for MGIC, has a mortgage industry career that spans over 4 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

 

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