Start Date: 10/20/2021 10:00 AM EDT
End Date: 10/20/2021 11:30 AM EDT
Venue Name: Virtual
Self-Employed Borrower Basics and Temporary COVID-19 Guidance
Wednesday, October 20, 2021
10:00 am to 11:30 pm
Learn the basics of determining qualifying income for self-employed borrowers and understand the different business structures related to Sole Proprietorships (Schedule C), Partnerships (Form 1065), S Corporations (Form 1120S) and Corporations (Form 1120). Recognize cash-flow adjustments, which deductions are required, and which are allowable add-backs. Understand the Temporary GSE COVID-19 Temporary Requirements for Profit and Loss Statements, understand Net Operating Losses as well as Personal Debt Paid by Business will be discussed.
Stephanie M. Clark, AMP, Senior National Trainer & Instructional Designer
Stephanie is an engaging mortgage and training expert who always hits the mark when delivering mortgage training focused on customer business needs. She oversees course design, curriculum development, documentation standards and the facilitation of remote and classroom training for Arch MI customers.
Before joining Arch MI, Stephanie was responsible for building and facilitating the operations curriculum for a large national financial services company. Stephanie has more than 25 years of experience in the mortgage industry, including positions in operations and underwriting.