Thursday
Jul 30
2020

Lending to Self-Employed Borrowers

Registration Options & Pricing

Please select your membership status.


Live Webinar Includes

  • Unlimited Connections 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
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • 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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9:00 am – 10:30 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

Lending to self-employed borrowers can be fraught with challenges, including proper documentation, income validation, repayment sources, etc. This webinar will demystify underwriting for these borrowers and provide useful advice on how to retrieve the information you need.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Use Form 1040 as the primary means to identify income sources for self-employed borrowers
  • Identify underwriting documentation required to determine a borrower’s payment coverage ability, liquidity, and leverage
  • Explain the underwriting documentation requirements to self-employed borrowers
  • Review your policy regarding self-employed borrowers to identify enhancement opportunities
  • Document and identify all repayment sources
  • Lend more confidently, especially with unsecured credit

WEBINAR DETAILS

Lending to self-employed borrowers can be challenging, especially for smaller financial institutions that specialize in retail credits, without a seasoned commercial lending division to reference or underwrite credits. This presentation will take the mystery out of underwriting self-employed borrowers and provide practical steps to: identify income sources; request verification documents, including income tax returns and K-1 schedules, deriving cash available to service debt; and identify required debt service, including debts not listed on the borrower’s credit report.

In addition, this presentation will provide insight regarding the importance of understanding borrower liquidity and leverage. The strength of a borrower’s personal financial statement is especially important when the credit is unsecured, or the LTV is at, or above, policy limits.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session would best suit lenders and credit analysts unfamiliar with lending to self-employed borrowers. This training is especially critical for institutions focused on retail lending and institutions looking to strengthen underwriting processes for borrowers with repayment sources not identified via a W-2 or retirement income.

TAKE-AWAY TOOLKIT

  • Checklist of suggested required documents for varying entity types owned by self-employed borrowers
  • Employee training log
  • Interactive quiz

DON'T MISS THIS RELATED WEBINAR!

"Commercial Lending Series: Commercial Loan Documentation"
Wednesday, February 12, 2020
Available Now

 

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.

MEET THE PRESENTER

Young & Associates, Inc.
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