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.
Showing posts with label Loans. Show all posts
Showing posts with label Loans. Show all posts
(ON DEMAND) Debt Collection Series: Maximizing Recoveries on Charged-Off Loans
Email to Order the Recording + Free Digital Download
Are you getting the most from the backend of your loan portfolio? “Out of sight, out of mind” shouldn’t describe your charged-off loans. Just because you declare a loan loss internally doesn’t mean there should be zero recovery. Utilizing in-house efforts, collection agencies, and law firms, there are many ways to find money in those “worthless” loans. All you need is a plan and the ability to manage it. This webinar will give you both! From the timing of charge off, to effective third-party placement details, to the science of tracking and comparing recovery results, this webinar will explore the practical side of the forgotten art of charge-off recovery.
HIGHLIGHTS
Charge-off timing
Evaluating in-house versus third-party collections
Agency or law firm: choosing the best placement option
Tracking recoveries on charged-off loans
Statute of limitations issues
Account recall and replacement options
TAKE-AWAY TOOLKIT
Account placement worksheet
Lifecycle of a charged-off loan
Regulatory guidance
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Executives, CFOs, Chief Credit Officers, collections managers, collections staff, and anyone interested in maximizing collections return from charged-off loans.
ABOUT THE PRESENTER – David A. Reed, JD, Reed & Jolly, PLLC, attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections. A former trial attorney and vice president and general counsel of a large credit union, David is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy. He also serves as editor of several industry manuals.
Are you getting the most from the backend of your loan portfolio? “Out of sight, out of mind” shouldn’t describe your charged-off loans. Just because you declare a loan loss internally doesn’t mean there should be zero recovery. Utilizing in-house efforts, collection agencies, and law firms, there are many ways to find money in those “worthless” loans. All you need is a plan and the ability to manage it. This webinar will give you both! From the timing of charge off, to effective third-party placement details, to the science of tracking and comparing recovery results, this webinar will explore the practical side of the forgotten art of charge-off recovery.
HIGHLIGHTS
Charge-off timing
Evaluating in-house versus third-party collections
Agency or law firm: choosing the best placement option
Tracking recoveries on charged-off loans
Statute of limitations issues
Account recall and replacement options
TAKE-AWAY TOOLKIT
Account placement worksheet
Lifecycle of a charged-off loan
Regulatory guidance
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Executives, CFOs, Chief Credit Officers, collections managers, collections staff, and anyone interested in maximizing collections return from charged-off loans.
ABOUT THE PRESENTER – David A. Reed, JD, Reed & Jolly, PLLC, attorney, author, consultant, and nationally-recognized speaker, David Reed is a partner in the law firm. He provides guidance to financial institutions on establishment and revision of policies and procedures, organizational compliance, collections, security, contractual agreements, regulatory matters, and corporate governance. His engaging speaking style has made him a nationwide lecturer on regulatory compliance, consumer lending, bankruptcy, and collections. A former trial attorney and vice president and general counsel of a large credit union, David is particularly known as an expert in the areas of operations, bankruptcy, and collections. He has trained state and federal examination staff on numerous issues, including BSA, ID theft red flags, SAFE Act, third-party contract management, and bankruptcy. He also serves as editor of several industry manuals.
(ON DEMAND) Writing Effective Credit Memos & Loan Narratives
Email to Order the Recording + Free Digital Download
The purpose of the credit memo and loan narrative is to tell the borrower's story. They are the basis for making credit approval and renewal decisions. They are also used for detailing ongoing account management for loan relationships and maintaining pertinent information regarding material developments or changes in the quality or nature of the credit or borrower over the life of the loan. The underwriter needs a clear picture to make the best approval and renewal decision. Whether it is a consumer, real estate, or commercial credit, an effective credit memo/loan narrative is imperative for both safety and soundness and compliance.
A well-written credit memo assists:
Loan officers and underwriters in making a strong credit decision (now and in the future for possible renewals)
Directors on the loan committee to make a strong credit decision
Loan Review Officers in understanding a credit being reviewed
In documenting workout strategies for problem credits
Examiners when reviewing your files
This session will go through the key components and will provide samples so you may compare what you are using and/or develop a brand process. One size does not fit all. Even though this session will cover what should be included in an effective credit memo, there will be varying degrees of detail based on the complexity and risk involved.
HIGHLIGHTS
Objective of credit memos: what is important to include and not include
Credit analysis, including terms, exposure summary, financial analysis, collateral, etc.
Key financial ratios to consider and what they mean
How to structure and organize the summary narrative
Sensitivity analysis (stress testing)
Drawing credit risk conclusions and identifying strengths, weaknesses, and mitigants
Common examiner criticism in credit write-ups
TAKE-AWAY TOOLKIT
Samples of two formats to use to develop/strengthen credit memos
List of helpful online resources for industry analysis
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Lenders, credit analysts, and commercial loan administration professionals. Directors on the loan committee would also benefit.
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 purpose of the credit memo and loan narrative is to tell the borrower's story. They are the basis for making credit approval and renewal decisions. They are also used for detailing ongoing account management for loan relationships and maintaining pertinent information regarding material developments or changes in the quality or nature of the credit or borrower over the life of the loan. The underwriter needs a clear picture to make the best approval and renewal decision. Whether it is a consumer, real estate, or commercial credit, an effective credit memo/loan narrative is imperative for both safety and soundness and compliance.
A well-written credit memo assists:
Loan officers and underwriters in making a strong credit decision (now and in the future for possible renewals)
Directors on the loan committee to make a strong credit decision
Loan Review Officers in understanding a credit being reviewed
In documenting workout strategies for problem credits
Examiners when reviewing your files
This session will go through the key components and will provide samples so you may compare what you are using and/or develop a brand process. One size does not fit all. Even though this session will cover what should be included in an effective credit memo, there will be varying degrees of detail based on the complexity and risk involved.
HIGHLIGHTS
Objective of credit memos: what is important to include and not include
Credit analysis, including terms, exposure summary, financial analysis, collateral, etc.
Key financial ratios to consider and what they mean
How to structure and organize the summary narrative
Sensitivity analysis (stress testing)
Drawing credit risk conclusions and identifying strengths, weaknesses, and mitigants
Common examiner criticism in credit write-ups
TAKE-AWAY TOOLKIT
Samples of two formats to use to develop/strengthen credit memos
List of helpful online resources for industry analysis
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Lenders, credit analysts, and commercial loan administration professionals. Directors on the loan committee would also benefit.
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.
(ON DEMAND) Understanding & Managing the CFPB Complaint Process
Email to order the Archived Webinar!
The CFPB has been inviting consumers to “tell their story” and file a complaint since July 2011. When the CFPB launched their monthly report of consumer complaints in July 2015, Director Cordray said, “Consumer complaints are the CFPB’s compass and play a central role in everything we do. They help us identify and prioritize problems for potential action.”
While the CFPB may not be the primary regulator for your bank, it’s critical to understand how the CFPB complaint process has changed regulatory expectations and what you should be doing to proactively manage this compliance and reputational risk.
HIGHLIGHTS
How the CFPB uses complaint information to guide investigations, develop enforcement actions, and require consumer reimbursement
Regulatory expectations for complaints:
Accepting complaints – what is a complaint, how are they recorded, and how are they resolved?
Reasonable timeframe to respond to a complaint
Complaints that require escalation and immediate attention
Complaints which indicate potential UDAAP issues or consumer harm
Types of complaints that should result in changes to products, services, or practices
Steps to take when the complaint involves a third-party vendor
What do recent enforcement actions tell the financial service industry about the importance of complaints?
Is the use of social media changing the complaint process?
What does staff need to know about handling complaints? How should complaints be tracked and evaluated? What type of training should be completed for handling complaints?
TAKE-AWAY TOOLKIT
Complaint policy, procedures, and tracking form in Word that can be modified for your institution
UDAAP compliance resources and regulatory guidance, including FDIC abusive practices –third-party procedures checklist
UDAAP risk assessment checklist
Checklist for evaluating consumer harm
Regulatory resources
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
Attendance verification for CE credits provided upon request.
WHO SHOULD ATTEND? Senior management, compliance officers, risk managers, branch managers, call center managers, loan and deposit operation managers, marketing staff, and product development specialists.
ABOUT THE PRESENTER – Susan Costonis, CRCM, Compliance Consulting and Training for FIs, a compliance consultant and trainer who began her career in 1978. She specializes in compliance management along with deposit and lending regulatory training. Susan has successfully managed compliance programs and exams for institutions that ranged from a community bank to large multi-state bank holding companies. She has been a compliance officer for institutions supervised by the OCC, FDIC, and Federal Reserve. Susan has been a Certified Regulatory Compliance Manager since 1998, completed the ABA Graduate Compliance School, and graduated from the University of Akron and the Graduate Banking School of the University of Colorado. She regularly presents to financial institution audiences in several states and “translates” complex regulations into simple concepts by using humor and real life examples.
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