Wednesday March 21st - POSTPONED NEW DATE TBD
Middlesex Savings Bank
120 Flanders Road 
Westborough, MA 
Friday April 13th
Franklin American Mortgage 
35 Village Road 
Middleton, MA

Cost :

$50 MMBA Members    
 $95 Non-Members

Understanding Self -Employed  Borrowers/Tax Returns 

Wednesday, March 21st-POSTPONED

Middlesex Savings Bank, Westborough, MA

Program: 9:00 AM – Noon

Join Mary Ellen MacInnis in this comprehensive training session, you will learn how to review personal tax returns and schedules focusing on Sole Proprietor (Schedule C), unreimbursed expenses(2106), and rental properties(Schedule E); understand recurring vs. non-recurring loss; review Corporate, S Corp, and Partnership returns; increase efficiency in processing and underwriting self-employed borrower loans and understand documentation requirements, acceptable income and underwriting criteria.


Friday, April 13th

Franklin American Mortgage, Middleton, MA

Program: 9:00 AM –Noon

Enhance your understanding of self-employed borrowers and develop an understanding of the components of business tax returns. Allowable add-backs and required deductions will be discussed, and we’ll demonstrate how to calculate income from various business structures, introducing you to the Arch MI Tax Return Analysis Calculator (AMITRAC), the industry’s most user-friendly Schedule Analysis form.