Learn How to Help Your Members Become Homeowners with CMG
Posted by Andrew Kobialka on October 18, 2022
You’re invited to participate in this credit union-exclusive webinar that’s designed to keep you fully informed of current mortgage lending practices so you’re better prepared to help your members achieve homeownership — hosted by GoWest Solutions partner CUNA Mutual Group.
Evaluating Self-Employed Borrowers: Getting Started
CMG’s self-employed borrower (SEB) tools are some of their most requested resources… and with today’s economic uncertainty, analyzing income to make sound underwriting decisions is a No. 1 priority.
Join us for this must-attend webinar, this Wednesday, Oct. 19, at 12 p.m. MST/11 a.m. PST, as CMG walks through the fundamentals of how to use tax returns to document qualifying income for members who are self-employed.
They’ll share three key concepts on allowable add-backs and required deductions to taxable income and cover how to:
- Review personal and business tax return forms and schedules;
- Identify documentation requirements for various types of business structures; and
- Calculate qualifying income for a Sole Proprietor.
After this 45-minute webinar, there will be plenty of time for questions. In addition, the CMG team will discuss the following MGIC tools:
- Self-Employed Borrower Documentation Matrix 1040s for 2021
- Schedule Analysis Method (SAM) Worksheet
SANDRA SWEENEY Customer Trainer, MGIC
Sandra Sweeney is a mortgage industry veteran with over 35 years of experience. Her varied roles in operations, loan origination, underwriting and management give her a deep understanding and appreciation for many roles in the industry. Sandra rejoined MGIC in 2013 as an underwriter and recently transitioned to a full-time Customer Trainer and training program developer. She currently facilitates many of the MGIC national webinar courses. Sandra and her family reside by the water on Smith Mountain Lake, Virginia. In her free time, she enjoys boating, swimming and hiking.