Wednesday
Feb 19
2020

Qualifying Borrowers Using Personal Tax Returns Part 1: Form 1040 & Schedules B & C

Registration Options & Pricing

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Live Webinar Includes

  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Presenter’s Contact Info for Follow-Up

Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available 6 business days following Live date
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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10:00 am – 11:30 am HST
12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Borrowers don’t repay debt with taxable income; they use cash flow. Can you accurately interpret personal tax returns and identify reliable, recurring income?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Identify recurring income and learn what to ignore
  • Determine cash flows from interest earning and dividend producing investments (Schedule B) 
  • Correct unreliable “pass-through” interest and dividend incomes earned from Partnerships and S Corporations (Schedule B)
  • Identify hidden incomes and a hidden expense in sole proprietorships (Schedule C)

WEBINAR DETAILS

What’s your decision-making process for qualifying a borrower for a loan? Do you understand how to convert taxable income (which is practically useless) into cash flow? The key is learning how to obtain a reliable monthly or annual cash flow from a personal tax return. Incorrectly estimating cash flow from a tax return can result in bad loan decisions – or missed opportunities. Once you’ve properly converted taxable income into cash flow, that information can be used in your credit scoring model, debt-to-income ratio, or disposable income calculation.

Designed for consumer and commercial lenders, this two-part series will teach you an easy, reliable method to convert a borrower’s personal tax return (Form 1040) into annual and monthly cash flow statements using the free software included with this course. Part 1 will cover Form 1040, Schedule B (Interest and Dividend Incomes) and Schedule C (Sole Proprietorship Incomes). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is designed for lending personnel, including loan officers, loan underwriters, loan sales staff, credit analysts, loan processors, branch managers, and other key lending staff. Universal bankers and frontline staff involved in the lending function will also benefit.

TAKE-AWAY TOOLKIT

  • Free copy of Lenders Tax Analyzer© software
  • Employee training log
  • Interactive quiz

DON’T MISS PART 2!

"Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules D, E & F "
Thursday, March 19, 2020

 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

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