Qualifying Borrowers Using Personal Tax Returns Part 1: Schedules B & C
On-Demand Webinar:
StreamedJan 24, 2023Duration90 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
Is taxable income different than cash flow?
Most
often, the answer is a big “YES!” Using
tax returns to determine borrowers’ cash flow to service their debt is as
challenging as ever. Join us to learn the latest techniques to help you sort
out all that tax data and find exactly the information you need.
AFTER
THIS WEBINAR YOU’LL BE ABLE TO:
- Turn a tax return into a borrower’s cash flow report
- Understand the concept of using recurring incomes as cash flow – and ignoring the rest
- Determine cash flows from interest-earning investments and dividend-producing investments, etc. from Schedule B: Interest and Dividends
- Correct
the unreliable pass-through interest and dividend incomes earned from partnerships
and S corporations with Schedule B
- Note: partnership and S corp supplemental income will be covered in Part 2
- Identify hidden incomes and a hidden expense in a sole proprietorship via Schedule C
WEBINAR DETAILS
Tax returns don’t show cash flow; they show taxable
income. What you need to know is cash
flow because that is how your loan is paid back. With the process outlined in this session and
the free Lenders Tax Analyzer© software each registrant receives, you will gain
an easy, reliable method to convert a borrower’s personal tax return (Form
1040) into a borrower’s cash flow statement.
This is Part 1 of a two-part series. In Part 1, you will learn to cash flow the
front page of Form 1040, Schedule B (interest and dividend incomes) and
Schedule C (sole proprietorship incomes). When you finish this session, you
will be able do a little ‘magic’ and convert taxable incomes into cash flows that
you can plug into your credit scoring model, your debt-to-income ratio, or your
disposable income calculation. (Note:
This session is designed for consumer and commercial lenders. This method does
not follow Fannie, Freddie, or QM rules used in mortgage lending.)
WHO SHOULD ATTEND?
This informative session
is designed for lending personnel, including chief lending officers, service
representatives, new accounts personnel, loan officers, loan underwriters, loan
sales officers, credit analysts, loan processors, branch managers, CEOs, and
other key lending staff.
TAKE-AWAY TOOLKIT
- Free copy of Lenders Tax Analyzer© software
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
TESTIMONIALS
"My team and I learned valuable information and were happy to have affirmation we had been doing most of this process correctly. We can't wait for Part 2!!"
- Jan, Explorers Credit Union
"I enjoyed the entire webinar. All the information was very helpful to me. Thank you for all the knowledge that I learned from this webinar."
- Sermetrius, Hope Federal Credit Union
"Easy to understand. Great presentation and helpful take away items to refer back to"
- Roshika, Provident Credit Union
Presented By
TEAM Resources
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