Consumer Lending Series:
Developing Global Cash Flow
from Personal Tax Returns
WEBINAR OR ON-DEMAND WEB LINK
(LINK INCLUDES FREE CD ROM)

Thursday, September 8, 2011

12:00 pm - 1:30 pm Pacific
1:00 pm - 2:30 pm Mountain
2:00 pm - 3:30 pm Central
3:00 pm - 4:30 pm Eastern

Tim Harrington, CPA, TEAM Resources

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When dealing with self-employed borrowers, it is essential to understand the full extent of available income from all sources. Loan payments can be covered by business or personal income. Lenders must understand the personal income, combine it with the business income, and ensure that incomes are never included twice. The Global Cash Flow process is a way of systematically identifying sources of income, estimating how much excess income will be available for debt service, and calculating the various debt service ratios with personal and commercial income sources.

HIGHLIGHTS

Distinguishing between S Corporation real cash flow and ‘pass-through’ (phantom) income and how to account for it in a global cash flow
Unraveling the complexities of rental cash flow on the personal return
Calculating the debt service before and after the personal income contribution
Determining a borrower’s real income from Gains or Loss on Sales of Assets (Schedule D and Form 4797) and deciding whether to include them
Cash flow worksheet to use in your office

WHO SHOULD ATTEND?

This informative session is designed for anyone in the lending area including chief lending officers, MSRs, FSRs, new accounts personnel, loan officers, loan underwriters, credit analysts, loan processors, branch managers, CEOs, and other key lending staff.