RC_LP_U_306.4 Evaluating Corporations
| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
The Evaluating Corporations course discusses how to analyze corporation tax returns using the Fannie Mae Cash Flow Analysis (Form 1084) to determine a borrower's allowable qualifying income. The course begins with a review of characteristics of corporations. Next, it looks at how to determine allowable income using Form 1120 and Form 1120-S. Finally, case studies give students the opportunity to practice the concepts presented.
The specific instruction given in this course is based on Fannie Mae's and Freddie Mac’s written guidance as it relates to determining qualifying income for self-employed borrowers. The intent is to train underwriters on the underlying principles of evaluating business tax returns rather than on interpretation, exceptions, or a lender's specific practices. As such, it is imperative that underwriters consult the individual investor’s guidance and the lender's internal underwriting guidelines when applying these principles to individual files.
This is a single-family/residential course.
- Corporation Characteristics
- Determine Allowable Income Using Form 1120 and Form 1120-S
- Case Studies
Seat time approximately 1 hour.
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