National MI University presents: P&L and Balance Sheet Analysis for Self-Employed Borrowers with Marianne Collins
10am (PT) What is a profit and loss (P&L) statement? What is a balance sheet? How do different accounting methods impact these documents? What's the difference between current assets and non-current assets? Underwriting a self-employed borrower often requires the analysis of P&L statements and balance sheets. Fully understanding these financial statements can lead to better underwriting decisions. This one-hour presentation by Marianne Collins from Diehl Mortgage Training and Compliance offers guidance on how to read financial statements and analyze the strength of a business when underwriting a self-employed borrower.
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