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Assessing Borrower Income for S Corporations

Course Description

This course provides students with insights on borrowers who derive their income from an S corporation, including an overview of the tax documents typically needed to approve a borrower and direction on how to properly calculate income. What You'll Learn: Recognize the tax forms used for individuals earning income through S corporations. Describe the process to determine monthly income of a person who owns an S corp. Demonstrate how to calculate self-employed monthly income.
20 Minutes
Series: Mortgage 101
Roles: Mortgage Professionals, Mortgage Closer, Mortgage Loan Originator, Mortgage Lock Desk, Mortgage Processor, Mortgage Servicer, Mortgage Underwriter
Course Format: Online Self-Paced

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