Advanced Self-Employed Borrower
Description
This course covers principles from the Underwriting the Self-Employed Borrower course, but focuses on those borrowers with income from Partnerships, S Corporations and corporations. Includes two case studies: an S Corporation and a Corporation.
- Please contact your local PMI representative to register
Agenda
- What is underwriting the self-employed borrower?
- Basic business structures comparison
- Overview of Form 1040 and schedules
- Tax forms for Partnerships and S Corporations
- Tax forms for Corporations
- Income Analysis Forms
- Case Studies: S Corporation and Corporation
- Review of possible red flags
- Automated Underwriting
Length
- This course is 3 hours in length
Recommended Attendees
- This course is most valuable for underwriters, loan processors and loan officers
Prerequisites
- Suggested: Participants should be familiar with underwriting a Sole Proprietor using tax returns or should first take PMI’s “Underwriting the Self-Employed Borrower” course
Scheduling Process
- Please contact your local PMI representative to register
Materials
Questions?
- Contact Tina Callisto at 925.658.6836
