Hidden Tax Debt: What You Should Know About Your Borrowers

Webinar Details

Did you miss our webinar on Hidden Tax Debt? Watch it now On Demand! Due diligence is crucial in lending and allows lenders to thoroughly evaluate a borrower’s financial situation while complying with lending regulations. This free webinar, entitled Hidden Tax Debt: What You Should Know About Your Borrowers, focused on a more thorough due diligence approach by identifying what tax information is available outside of filed federal tax liens and how that hidden tax debt can assist not only in initial due diligence but also in maintaining insight into a borrower’s current financial picture. Presenters Wendy Burbidge of Cogency Global and Rich Porterfield of Tax Guard covered how a comprehensive due diligence process can identify potential risks and assist lenders in making informed decisions about whether to extend a loan and on what terms. This ultimately minimizes the chance of loan default and protects the lender’s investment by uncovering any hidden issues that could impact repayment ability.

Learning Objectives:

• Pre-closing due diligence
• Tax debt: What it is and why it is not always found in the public record
• How to access federal tax information
• Advantages to uncovering hidden tax debt
• How tax data can be used to maintain your loan portfolio

Meet the Host

Wendy Burbidge

Vice President of Product Management

Wendy Burbidge is a Vice President of Product Management at Cogency Global Inc. specifically focusing on due diligence services for lenders.  Ms. Burbidge has extensive secured transactions experience and has been in the UCC service industry since 1996. She began her career servicing UCC search and filing requests and eventually because Vice President over Operations at Unisearch, Inc.  She has worked with countless lenders to customize their due diligence services and has provided the tools needed for them to be successful in accomplishing their requirements.  In December of 2022, when Unisearch was purchased by Cogency Global, Ms. Burbidge joined the Product Management team.  She has provided content for several Cogency Global blog articles and has covered tax transcripts in lending, UCC fixture filings, UCC terminations and purchase money security interests.

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Rich Porterfield

Account Director, Tax Guard

 As Director of Accounts at Tax Guard, Rich works with some of Tax Guard’s largest customers to incorporate and optimize federal tax compliance data to support their unique strategic initiatives. His expertise lies in customer retention and portfolio management. During his tenure with Tax Guard, Rich has held both account management and account executive roles on the sales team and has deep experience in cultivating relationships and building strong partnerships.

Prior to joining Tax Guard in 2015, Rich worked for Wolters Kluwer for 15 years as a Senior Strategic Account Manager working with their largest lenders and law firms. His responsibilities included education within their due diligence to manage risk and compliance issues while optimizing workflow efficiency.

Read Full Bio

Wendy Burbidge

Vice President of Product Management

Wendy Burbidge is a Vice President of Product Management at Cogency Global Inc. specifically focusing on due diligence services for lenders.  Ms. Burbidge has extensive secured transactions experience and has been in the UCC service industry since 1996. She began her career servicing UCC search and filing requests and eventually because Vice President over Operations at Unisearch, Inc.  She has worked with countless lenders to customize their due diligence services and has provided the tools needed for them to be successful in accomplishing their requirements.  In December of 2022, when Unisearch was purchased by Cogency Global, Ms. Burbidge joined the Product Management team.  She has provided content for several Cogency Global blog articles and has covered tax transcripts in lending, UCC fixture filings, UCC terminations and purchase money security interests.

Rich Porterfield

Account Director, Tax Guard

 As Director of Accounts at Tax Guard, Rich works with some of Tax Guard’s largest customers to incorporate and optimize federal tax compliance data to support their unique strategic initiatives. His expertise lies in customer retention and portfolio management. During his tenure with Tax Guard, Rich has held both account management and account executive roles on the sales team and has deep experience in cultivating relationships and building strong partnerships.

Prior to joining Tax Guard in 2015, Rich worked for Wolters Kluwer for 15 years as a Senior Strategic Account Manager working with their largest lenders and law firms. His responsibilities included education within their due diligence to manage risk and compliance issues while optimizing workflow efficiency.