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eSchool will show how to analyze other income loans
MADISON, Wis. (7/28/08)--Credit union lending professionals will learn how to analyze and qualify loan requests from members based on “other” income sources during a CUNA eSchool in September. Using Tax Returns to Qualify a Loan eSchool, Sept. 16-30, will explore how to analyze forms and schedules to verify non-traditional incomes and determine a member’s ability to repay a loan. This eSchool also will teach how to:
* Quickly obtain monthly net or gross income from a borrower's personal income tax return; * Identify the information that borrowers hide and reveal in their own interest when applying for a loan, and how this may affect their borrowing ability; and * Understand the forms involved in non-traditional income situations and obtain the relevant information.
Additional CUNA eSchools beginning in September include:
* The six-session CU Finance for Non-Financial Managers and Volunteers eSchool, which meets Sept. 16-Oct. 21 to help those without a background in finance to better understand their credit union’s numbers. While the main focus is on understanding and analyzing financial statements, students also will come to better understand asset-liability management; budgets; ratios; accounting; and rates, risks, and returns. * The 10-session CU Spanish Certification eSchool, Sept. 17--Nov. 19, which is designed for credit union staff with previous Spanish-language experience. The eSchool advances previous training and teaches vocabulary that is specific to the financial industry. Attendees also will study articles, adjectives, personal and object pronouns, verb conjugation, and proper pronunciation. Students can earn a CU Spanish certification. * The four-session Complete Credit Union Leadership eSchool, Sept. 9-18, which will cover self-awareness as an element of leadership, mastering the art of giving and receiving critical feedback, the keys to creating intended outcomes, and the power of wellness.
For more information, use the links.
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