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 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.