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Fighting Synthetic Identity Fraud
August 28, 2020 In 4506-T Tax Transcripts, Banks, Banks, Blog, Credit Unions, Financial, IRS and Tax Transcripts, Lender Solutions, Mortgage Companies, Small Business Loans

Fighting Synthetic Identity Fraud

Commercial lenders must grapple with fighting synthetic identity fraud. It is one of the recent trends most fraudsters use to get away with their malicious acts. With this strategy, at least $6 billion is lost per year. Synthetic identity fraud It is a process that involves the

Generating More Referrals for Your Mortgage Business
August 21, 2020 In Blog, Home Mortgage, Lender Solutions, Mortgage Companies, Resources

Generating More Referrals for Your Mortgage Business

Dealing with borrowers, connecting with lenders, and brokering home loans is difficult, to begin with. But the act of finding referrals in a post-pandemic world makes it even more stressful. Sourcing reliable clients for your mortgage business is not impossible. By focusing on tried-and-tested strategies, you

How to create a mortgage webinar
August 13, 2020 In Blog, Financial, Home Mortgage, Lender Solutions, Mortgage Companies, Resources, Trends

How to create a mortgage webinar

The world has taken a new positive turn to technology advances over the past several years & especially in the last few months. Most businesses and companies have also adapted to doing most of their activities online through various platforms, social media being the number

Lending to a Single-Member LLC
July 6, 2020 In Banks, Blog, Credit Unions, Lender Solutions, Mortgage Companies, Small Business Loans

Lending to a Single-Member LLC

When dealing with a single-member limited liability company (LLC), most lenders have questions about the entity’s tax consequences.Since a single-member LLC has one individual responsible for it, the concern is often justified due to being tied to the owner’s personal financial activity. Thankfully, understanding how

Silent Liens and Their Risks to Lenders
June 19, 2020 In Banks, Banks, Blog, Credit Unions, Financial, IRS Tax Audits, Lender Solutions, Mortgage Companies, Small Business Loans

Silent Liens and Their Risks to Lenders

Silent liens refer to a lien that is not on any public record. The IRS uses this type of lien to invoke a more aggressive approach to collecting unpaid taxes on the lien when other methods have failed. This can cause many problems for a

4 Common Mistakes that Loan Officers Make
June 3, 2020 In 4506-T Tax Transcripts, Banks, Banks, Blog, Credit Unions, Financial, Home Mortgage, Lender Solutions, Mortgage Companies, Small Business Loans

4 Common Mistakes that Loan Officers Make

The finance sector is quite a challenging industry, especially if you are an employee or an entrepreneur whose business engages in the loans and the financing sector. Risks such as bad debts and a bad business reputation may make your job or business go down

May 8, 2020 In Background Checks, Blog, Civil and Criminal Record Search, Healthcare, Industries, Online Application, Small Business

Why Your Business Needs to do a State Background Check?

While many people do not know what a state background check is, let alone the difference between one and a federal check, there are a plethora of reasons to arm yourself with the following list of summarized points. Even if you do not anticipate needing

April 24, 2020 In Blog, Business Taxes, Credit Unions, Financial, IRS and Tax Transcripts, Lender Solutions, Mortgage Companies

What taxes does an LLC pay?

A LLC or Limited Liability Company is a type of private business not subject to as many laws as standard businesses which makes the structure more flexible. An LLC cannot be double-taxed because the pass-through status allows them to report business income on their personal

April 17, 2020 In Banks, Blog, Business Taxes, Credit Unions, Financial, Lender Solutions, Mortgage Companies

What are the 4 primary types of business taxes?

In the United States, there are four main types of business taxes that the federal government administers. Business owners or managers should be aware of their responsibilities in paying each type of tax, as well as any additional taxes they may have to pay at the state

April 3, 2020 In Banks, Blog, Business Taxes, Credit Unions, Financial, IRS and Tax Transcripts, Lender Solutions, Mortgage Companies

How often does a small business have to pay taxes?

While businesses are only required to file an income tax return once a year, there are several other factors to consider when discussing business taxes. One of these is the due date of the business’s tax return which is dependent upon the structure of the

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