RC_LA_FM_200.3 Financial Statement Analysis

1-5 Advanced Education Loan Administration & Servicing Residential Residential Certified Mortgage Servicer (RCMS) Self-Study Web-Based Courses
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Member $50.00
Non-Member $100.00

Financial Statement Analysis introduces the financial reconciliation and analysis of the balance sheet and the income statement. It begins by examining the reconciliation of various asset accounts: the principal balance account, accrued interest receivable, escrow advance, P&I advances, and corporate advance.

Next, it looks at types of liability accounts and examines how one liability account-accrued interest on escrow payable-is reconciled. It then reviews the analysis of various types of income: service fee income, interest income, late charges, and other sources of income. The course ends with a look at expense analysis, focusing on three expense accounts that should be carefully monitored: corporate advance, pool interest expense, and interest on escrow.

This is a single-family/residential course.


  • Balance Sheet/Asset Reconciliation
  • Balance Sheet/Liability Reconciliation
  • Income Statement/Income Analysis
  • Income Statement/Expense Analysis

Seat time approximately 1 hour.

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