Lending to Self-Employed Borrowers

The registration period is from May 20, 2020 12:00 to Jan 29, 2021 12:00

Lending To Self-Employed Borrowers - Details

	Registration for this event is open from: May 20, 2020 12:00 to Jan 29, 2021 12:00
Where:	Webinar, Recorded, Both Live/Recorded
Date:	Jul 29, 2020

Add to calendar /education-events/event/1260/Lending-to-Self-Employed-Borrowers?Itemid114= 2020-07-29 14:00:00 2020-07-29 15:30:00 0 Lending to Self-Employed Borrowers Lending to Self-Employed Borrowers (90-minute webinar – recording also available) ... - US - YYYY/MM/DD
Event description:
Lending to Self-Employed Borrowers (90-minute webinar – recording also available) *Wednesday, July 29, 2020* 12:00 PM Pacific 1:00 PM Mountain 2:00 PM Central 3:00 PM Eastern 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. 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 THESE RELATED WEBINARS! Commercial Lending Series Commercial Loan Secured by Real Estate April 28, 2020 Commercial Loan Workouts, Restructuring & Loss Mitigation April 1, 2020 Commercial Flood Insurance Rules & Best Practices March 24, 2020 Managing a Commercial Construction Loan: Start to Finish March 5, 2020 Commercial Loan Documentation February 11, 2020 MEET THE PRESENTER-Aaron Lewis, Young & Associates, Inc. Aaron Lewis is a senior consultant at Young & Associates, Inc. With over 15 years in the banking industry, his expertise is now dedicated to the lending division of Young & Associates where he assists financial institutions with loan, ALLL, policy, and credit-process and compliance reviews. He also conducts seminars on credit risk and compliance. Prior to joining Young & Associates, Aaron was the Vice President Credit Administrator of a community financial institution in southeast Michigan and managed all facets of the lending function, including originations, underwriting, ALLL analysis, servicing, and secondary market compliance. He holds a Bachelor’s in finance from Michigan State University and graduated from the Graduate School of Banking, University of Wisconsin. Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only. THREE REGISTRATION OPTIONS LIVE WEBINAR The live webinar option allows you to have unlimited internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. For upcoming webinars, click here. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD Options 1 and 2 described above. *AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE*

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