Analyzing Tax Returns - Qualifying More Borrowers
Gaining the skills to calculate income and structure loan transactions is the difference between disappointing customers and real estate agents and getting to the closing table and wowing everyone in the process. (Rec. 9/23/21)
Recorded: September 23, 2021
Guessing at income doesn’t work! It is a disservice to consumers, it slows turn-times, affects profitability and can hurt company brand and originator’s reputation. Gaining the skills to calculate income and structure loan transactions is the difference between disappointing customers and real estate agents and getting to the closing table and wowing everyone in the process.
This session reviews:
- Understand how tax law affects underwriting
- Changes to taxable income and removal of deductible expenses
- Identifying sources of income
- Earned income vs other forms of income
- Individual income vs business income
- 1040 vs 1065, 1120s
- Items of importance for ability to repay
- Trending, sources, stability
- Qualifying income from wages, partnerships and corporations
- Why K-1s are needed
This webinar will dramatically increase the skills needed to determine qualifying income and the philosophy behind how we differentiate qualifying income from taxable income.
- Your registration includes:
- A copy of the presentation materials
- Unlimited video replay
Refund Policy:
If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.
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