RC_LA_FM_200.3 Financial Statement Analysis

1-5 CMB Points Advanced Education Loan Administration & Servicing Residential Residential Certified Mortgage Servicer (RCMS) Self-Study Web-Based Courses
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Option Price
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.

Topics

  • 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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