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CU Members Mortgage continues 2021 educational series with ‘Self-Employed Borrower Basics – Personal Tax Return Review’

DALLAS, TX (July 28, 2021) — CU Members Mortgage, a division of Colonial Savings, F.A., is hosting a free webinar as part of their 2021 Educational Series entitled “Self-Employed Borrower Basics – Personal Tax Return Review” on Thursday, August 12, from 1 to 2 p.m. CT with guest speaker from Enact MI MaryKay Scully.

Self-employed borrowers often add challenges to the mortgage process with complicated tax returns. In this session, Scully will share how to review the basic business types and how they relate and flow to a borrower’s personal return (1040). She will also identify the allowable business adjustments required and review a balance sheet. Other objectives include reviewing basic information needed to understand how to find qualifying income through tax returns. This session is perfect for mortgage professionals, loan officers, processors and underwriters.

“As we continue on with our webinar series, we couldn’t leave out a session on self-employed borrowers. It’s one of the more challenging files to work,” said Steve Hewins, Senior Vice-President of CU Members Mortgage. “Offering this session will help our credit union friends go through the basics of self-employed borrower tax returns and adjustments, and also offer tips throughout. Mortgage professionals will find this session very helpful.”

MaryKay Scully

About CU Members Mortgage

Established in 1982 as a division of Colonial Savings, a federally chartered thrift, Dallas-based CU Members Mortgage provides comprehensive mortgage services to credit unions and CUSOs. CU Members Mortgage originates FHA, VA, Investment Property and conventional loans nationwide. With a portfolio of $24 billion, Colonial is one of the largest servicers of mortgage loans in the United States. The company is privately held and has offices located nationwide. For more information, visit www.cumembers.com.

About MaryKay Scully

As Enact’s Director of Customer Education, MaryKay Scully leads the development of customer education curriculum. With 28 years of experience at Enact/Genworth, she has also served as an E-Business Development Manager, Director of Customer Education and Organizational Effectiveness, and as a Service Center Manager. Prior to Enact MI, she held Loan Officer positions at various mortgage companies in the Mid-Atlantic states. MaryKay’s extensive and varied experience make her a nationally sought-after instructor and round table participant for topics as far reaching as Purchase Transaction Best Practices to HMDA.

MaryKay is a graduate of the National School of Banking and received an MBA from Fairfield University. She has held Series 7 and Series 63 (Uniform Securities Agent License). She has been a function Black Belt in Six Sigma Quality and is a Certified Trainer in DiSC Behavioral Profiling. Chairman of the Mortgage Bankers Association of New Jersey Women’s Committee (2019). Mortgage Professional America Elite Women Award in 2017 and 2018.