Email to order Recording + Free Digital Download
Part 2 of this series will cover Schedules E and F, which are some of the most difficult incomes to analyze. Rental properties can be looked at two different ways – one is often too conservative resulting in denied loans that should be approved. Partnerships and S Corps show pass-through incomes that are important to the IRS and tax preparers, yet mean almost nothing when determining cash flow. Farms often report income that was only partially taxable – or from a different tax year!
This session for consumer and commercial lenders will teach you how to read and understand a borrower’s tax return and convert taxable income into cash flow. It will make the process of analyzing personal income tax returns simple and understandable by using quality instruction and frequent examples. (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)
HIGHLIGHTS
Schedule E, Page 1: Rental and Royalty Income
Entails more than just adding back depreciation – learn how to find the real cash flow from these properties
Schedule E, Page 2: Partnerships and S Corporations
Most information that is passed through is useless because it doesn’t represent cash flow – learn what income can be relied upon and what should be ignored as phantom income
Schedule F: Farm Income – additional income that might be hidden in farmers’ tax returns
TAKE-AWAY TOOLKIT
Free link to download Lenders Tax Analyzer© software
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PART 1!
This program is the second of two in a series Qualifying Borrowers Using Personal Tax Returns Part 1: Schedules A, B, C & D on Tuesday, February 14, 2017
All webinars are available for six months after broadcast
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Anyone in the lending area including chief lending officers, service representatives, sales staff, new accounts personnel, loan officers, loan underwriters, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.
ABOUT THE PRESENTER – Tim Harrington, CPA, TEAM Resources, President and has been a financial institution consultant for over 27 years. Tim has advised lenders on verifying income from tax returns since 1992, and consults with financial institutions nationwide on issues of strategy, profitability, and board governance. He speaks at nationwide conferences and has presented in Canada, Mexico, Puerto Rico, Jamaica, and the Virgin Islands. Tim is the author of the popular software, Lenders Tax Analyzer. In addition, his book “Eisenhower on Enlightened Leadership” has been used by management teams nationwide to improve leadership skills. He did his undergraduate studies at Gonzaga University and graduate studies at the University of Washington.
Showing posts with label Loan Processors. Show all posts
Showing posts with label Loan Processors. Show all posts
(Recording + Free Digital Download) Flood Compliance in Lending Part 1: Loan Origination
Email to order the Recording + Free Digital Download
The multitude of rule changes in recent years has created confusion about flood insurance compliance. In addition, failing to properly handle the numerous technical requirements can cause a breakdown in your process. This is a high-risk area for any lender – whether you have 6 or 60 loans on flood properties. Civil money penalties are assessed almost weekly and examiners’ citations aren’t slowing down. Mitigate your flood compliance risk by joining this webinar which will cover technical rules, disclosure requirements, initial escrow disclosure for flood insurance, loan origination compliance requirements, and FAQs outlined by the CFPB.
HIGHLIGHTS
What loans are covered?
Flood determinations: complete, accurate, and timely
Notice for flood properties – timing is imperative
How much flood insurance is enough?
What is required for the initial escrow disclosure?
Detached-structure rules
FAQs regarding flood requirements during loan origination
Agencies’ proposal on private flood insurance rules
TAKE-AWAY TOOLKIT
Sample flood procedures
Worksheet to determine whether you have sufficient insurance coverage
Audit checklist
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PART 2!
This program is the first of two in a series – watch for Flood Compliance in Lending Part 2: Post Loan Closing on Thursday, March 16, 2017
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance Officers, lenders, loan processors, and auditors.
ABOUT THE PRESENTER – Ann Brode-Harner, Brode Consulting Services, Inc., began her career in 1973 and has continued her service as a consultant to regional and community financial institutions through a wide range of areas including strategic planning, lending, deposits, marketing, training, compliance, and management. Ann is a well-respected presenter and has spoken to audiences across the country for over 25 years. She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin as well as many other state banking schools. Ann is the author of “The Bank Deposit Documentation Manual for Front-Line Personnel” published by Bankers Publishing Company, and is well represented in numerous industry publications.
The multitude of rule changes in recent years has created confusion about flood insurance compliance. In addition, failing to properly handle the numerous technical requirements can cause a breakdown in your process. This is a high-risk area for any lender – whether you have 6 or 60 loans on flood properties. Civil money penalties are assessed almost weekly and examiners’ citations aren’t slowing down. Mitigate your flood compliance risk by joining this webinar which will cover technical rules, disclosure requirements, initial escrow disclosure for flood insurance, loan origination compliance requirements, and FAQs outlined by the CFPB.
HIGHLIGHTS
What loans are covered?
Flood determinations: complete, accurate, and timely
Notice for flood properties – timing is imperative
How much flood insurance is enough?
What is required for the initial escrow disclosure?
Detached-structure rules
FAQs regarding flood requirements during loan origination
Agencies’ proposal on private flood insurance rules
TAKE-AWAY TOOLKIT
Sample flood procedures
Worksheet to determine whether you have sufficient insurance coverage
Audit checklist
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PART 2!
This program is the first of two in a series – watch for Flood Compliance in Lending Part 2: Post Loan Closing on Thursday, March 16, 2017
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Compliance Officers, lenders, loan processors, and auditors.
ABOUT THE PRESENTER – Ann Brode-Harner, Brode Consulting Services, Inc., began her career in 1973 and has continued her service as a consultant to regional and community financial institutions through a wide range of areas including strategic planning, lending, deposits, marketing, training, compliance, and management. Ann is a well-respected presenter and has spoken to audiences across the country for over 25 years. She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin as well as many other state banking schools. Ann is the author of “The Bank Deposit Documentation Manual for Front-Line Personnel” published by Bankers Publishing Company, and is well represented in numerous industry publications.
(Recording + Free Digital Download) Qualifying Borrowers Using Personal Tax Returns Part 1: Schedules A, B, C & D
Email to order the Recording + Free Digital Download
Verifying income from self-employed borrowers can be tricky. Although the best place to find income is the borrower’s tax return, it only shows taxable income. Borrowers don’t repay debt with taxable incomes – they use cash flow. Overestimating income from a tax return can lead to approving a weak loan that could eventually cost your institution tens of thousands of dollars. Underestimating income can cause denial of good loans. With this process and the free software that is included, you will learn an easy, reliable process to convert a borrower’s personal tax return (Form 1040) into a cash flow statement.
This session is designed for consumer and commercial lenders and will cover the first page of the Form 1040: Schedule A (Itemized Deductions), Schedule B (Interest and Dividend Incomes), Schedule C (Sole Proprietorship Incomes), and Schedule D (Capital Gains and Losses). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)
HIGHLIGHTS
Recurring versus nonrecurring incomes or loss
Qualifying and nonqualifying income from interest and dividends in Schedule B
Determine pass-through interest and dividend income from partnerships or S Corporations
Four forms of hidden income and one hidden expense in Schedule C
When to accept income from capital gains, installment sales, and other sales
TAKE-AWAY TOOLKIT
Free copy of Lenders Tax Analyzer© software
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PART 2!
This program is the first of two in a series – watch for Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules E & F on Tuesday, March 14, 2017
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Anyone in the lending area including chief lending officers, service representatives, sales staff, new accounts personnel, loan officers, loan underwriters, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.
ABOUT THE PRESENTER – Tim Harrington, CPA, TEAM Resources, is President and has been a financial institution consultant for over 27 years. Tim has advised lenders on verifying income from tax returns since 1992, and consults with financial institutions nationwide on issues of strategy, profitability, and board governance. He speaks at nationwide conferences and has presented in Canada, Mexico, Puerto Rico, Jamaica, and the Virgin Islands. Tim is the author of the popular software, Lenders Tax Analyzer. In addition, his book “Eisenhower on Enlightened Leadership” has been used by management teams nationwide to improve leadership skills. He did his undergraduate studies at Gonzaga University and graduate studies at the University of Washington.
Verifying income from self-employed borrowers can be tricky. Although the best place to find income is the borrower’s tax return, it only shows taxable income. Borrowers don’t repay debt with taxable incomes – they use cash flow. Overestimating income from a tax return can lead to approving a weak loan that could eventually cost your institution tens of thousands of dollars. Underestimating income can cause denial of good loans. With this process and the free software that is included, you will learn an easy, reliable process to convert a borrower’s personal tax return (Form 1040) into a cash flow statement.
This session is designed for consumer and commercial lenders and will cover the first page of the Form 1040: Schedule A (Itemized Deductions), Schedule B (Interest and Dividend Incomes), Schedule C (Sole Proprietorship Incomes), and Schedule D (Capital Gains and Losses). (Note: This method does not follow Fannie, Freddie, or QM rules used in mortgage lending.)
HIGHLIGHTS
Recurring versus nonrecurring incomes or loss
Qualifying and nonqualifying income from interest and dividends in Schedule B
Determine pass-through interest and dividend income from partnerships or S Corporations
Four forms of hidden income and one hidden expense in Schedule C
When to accept income from capital gains, installment sales, and other sales
TAKE-AWAY TOOLKIT
Free copy of Lenders Tax Analyzer© software
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
DON’T MISS PART 2!
This program is the first of two in a series – watch for Qualifying Borrowers Using Personal Tax Returns Part 2: Schedules E & F on Tuesday, March 14, 2017
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Anyone in the lending area including chief lending officers, service representatives, sales staff, new accounts personnel, loan officers, loan underwriters, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.
ABOUT THE PRESENTER – Tim Harrington, CPA, TEAM Resources, is President and has been a financial institution consultant for over 27 years. Tim has advised lenders on verifying income from tax returns since 1992, and consults with financial institutions nationwide on issues of strategy, profitability, and board governance. He speaks at nationwide conferences and has presented in Canada, Mexico, Puerto Rico, Jamaica, and the Virgin Islands. Tim is the author of the popular software, Lenders Tax Analyzer. In addition, his book “Eisenhower on Enlightened Leadership” has been used by management teams nationwide to improve leadership skills. He did his undergraduate studies at Gonzaga University and graduate studies at the University of Washington.
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