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.