Tax Return Analysis for the Mortgage Lender

David Osburn

David L. Osburn is the founder of Osburn & Associates, LLC, a Business Training and Contract CFO Firm that provides seminars, webinars, and keynote speeches for CPAs, bankers, attorneys, credit managers, and business owners on topics such as Banking/Finance/Credit, Negotiation Skills, Marketing, and Management Issues. Mr. Osburn’s Contract CFO clients include medical practitioners, financial institutions, law firms, CPA firms, architects, real estate developers, and contractors.

His extensive professional background of over 30 years includes 18 years as a Business Trainer/Contract CFO and 16 years as a bank commercial lender including the position of Vice President/Senior Banking Officer. His banking credentials include loan underwriting, loan “work-out”, management, and business development.

Mr. Osburn has been an adjunct college professor (MBA and undergraduate courses) for over 30 years including the College of Southern Nevada. He holds an MBA from Utah State University, a BS in Finance from Brigham Young University, and is a graduate of the ABA National Commercial Lending School held at the University of Oklahoma. Additionally, Mr. Osburn holds the professional designation of Certified Credit & Risk Analyst (CCRA) as granted by the National Association of Credit Management (NACM).

This webinar will assist the mortgage lender in correctly analyzing the borrower’s “personal income” generated from their business and/or investment activities.

The analysis will include the 1040 tax form and Schedule A (itemized deductions), Schedule B (interest & dividends), Schedule C (business income from a sole proprietor or single-member LLC), Schedule D (capital gains/losses), and Schedule E (rental real estate).

The session will also include how to properly determine the “personal income” derived from a multi-member LLC and S corporation (via the K-1 forms).

The webinar will conclude with a review of the recent changes in the tax code (Tax Cuts and Jobs Act) and how they can impact the mortgage borrower.

Covered Topics:

Analyze the borrower’s personal income derived from their business and/or investments
Review the 1040 tax form and Schedule A, B, C, D, and E
Determine the personal income from the K-1 form (LLC and S corporations)
Cover the recent changes in the tax code including the Tax Cuts and Jobs Act

Who Should Attend?

Mortgage loan officers, underwriters, and processors

Covered Topics:

Who Should Attend?

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