Financial Archives - Page 2 of 8 - Private Eyes Background Checks

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November 2, 2020 In Banks, Blog, Credit Unions, Financial, Lender Solutions, Small Business, Small Business Loans

Tips on originating successful construction loans

Due to the high costs of new construction, construction loans stand at the heart of the entire construction industry. Without builders having readily available access to financial resources, housing and commercial building projects would never see the light of day.As a lender, it's essential that

October 9, 2020 In 4506-T Tax Transcripts, Banks, Blog, Credit Unions, Financial, Mortgage Companies, Small Business, Small Business Loans

Detecting fraud is critical to lenders!

Fraud is an ongoing threat to loan underwriters. Professional criminals can make an art form out of defrauding lenders. However, most experienced underwriters have a well-honed ability to detect red flags. Seasoned and astute attention to detail on the part of an underwriter can stop

September 28, 2020 In 4506-T Tax Transcripts, Banks, Blog, Business Taxes, Credit Unions, Financial, IRS and Tax Transcripts, Lender Solutions, Small Business Loans

The Importance of Obtaining Verified Tax Returns

When it’s time to consider the financial situation of a business or individual for a loan or mortgage, lenders agree that verifying tax transcripts directly from the IRS is one of the most important steps to take when evaluating the borrower’s ability to repay the

September 24, 2020 In Blog, Financial, Lender Solutions

Fix your Risky Underwriting Habits

Any commercial lender must be aware that underwriting can be risky if not correctly done. The interpretations of written agreement terms, after-acquired interests, and state law ought to be understood. Understanding the 45-day rule can be of substantial help. What is underwriting? It is a process where

September 14, 2020 In Blog, Financial, Lender Solutions, Small Business Loans

Using IRS data to determine business & financial stability

4506T Form provides a complete record of a business’ financial history and present condition. For example, Form 1120-S contains a brief overview of a corporation’s income, profits and losses. There are income verification companies, such as Private Eyes that retrieve a tax transcript directly form

September 3, 2020 In Blog, Financial, Lender Solutions

What you need to Know about the 45-Day Rule

Have you heard of the 45-day rule? Well, most people have come across it, even though understanding it in depth can be complicated. It presents numerous aspects that include agreement terms, state law, Internal Revenue Code, and many others. Understanding the 45-Day rule The rule indicates that

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

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

August 6, 2020 In Blog, Business Taxes, Financial, IRS and Tax Transcripts, IRS Tax Audits, Lender Solutions, Small Business Loans

Small business lending and the utilization of tax lien data

A credit agent must decide to lend based on many different data points. What is one of the biggest problems in the world of credit decision making? Not the least of which is tax lien data. However, there is good reason to believe that tax

July 27, 2020 In Banks, Blog, Business Taxes, Financial, IRS and Tax Transcripts, Lender Solutions, Small Business Loans

Using inconsistencies to detect tax fraud

Commercial lenders face the challenge of detecting tax fraud from businesses that apply for loans. Throughout history, many businesses have used illegal means to conceal the health of their business, and this not only costs the lenders but it also negatively affects the nation’s economy.The

Tips on originating successful construction loans

Detecting fraud is critical to lenders!

The Importance of Obtaining Verified Tax Returns

Fix your Risky Underwriting Habits

Using IRS data to determine business & financial stability

What you need to Know about the 45-Day Rule

Fighting Synthetic Identity Fraud

How to create a mortgage webinar

Small business lending and the utilization of tax lien data

Using inconsistencies to detect tax fraud

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