Self-Employed Borrowers - Personal Tax Return Analysis
Monday, February 4, 2019
10:30 a.m. (CT) / 11:30 a.m. (ET)
Who Should Attend: Processors, Underwriters, Loan Officers
This comprehensive training webinar takes you step-by-step through a self-employed borrower’s personal tax returns. Defining common terms and theories such as nonrecurring vs. recurring, depreciation and other noncash expenses will help you to develop a clearer picture of your self-employed borrower’s financial standing.
In this webinar, you will learn to:
- Review personal tax returns and schedules focusing on sole proprietor (Schedule C); unreimbursed business expenses (2106); rental income properties (Schedule E)
- Understand recurring vs. nonrecurring income and loss
- Increase efficiency in processing and underwriting SEB loan applications
- Understand documentation requirements, acceptable income and underwriting criteria
