WEBINAR

Escrows Webinar

CFT Credits: 0.25

There are several lending laws and regulations out there that require escrowing of taxes, insurance, and similar fees. And not only are there rules that require escrows, RESPA then mandates the accounting for the escrow be maintained pursuant to specific rules. In this webinar we’ll discuss the mechanics of establishing and maintaining escrow accounts, as well as in what situations escrows must be maintained.

Webinar Description and Intended Audience

There are several lending laws and regulations out there that require escrowing of taxes, insurance, and similar fees. And not only are there rules that require escrows, RESPA then mandates the accounting for the escrow be maintained pursuant to specific rules. In this webinar we’ll discuss the mechanics of establishing and maintaining escrow accounts, as well as in what situations escrows must be maintained.

In addition, there are several exceptions in the rules where small servicers are exempt from maintaining escrows if certain requirements are met.

Covered Topics

  • Escrowing under flood insurance rules – when escrow must be maintained, as well as notices
  • Reg. Z escrow rules – HPML rules that mandate escrow accounts, plus opt-out possibilities
  • RESPA requirements – what is an escrow account?
  • Can we maintain a “voluntary escrow” and avoid the RESPA requirements?
  • Calculating the initial deposit into the escrow account – aggregate accounting rules
  • How to complete initial and final disclosures with escrow information
  • Required notices and statements – initial, annual, and short-year
  • The 3 documents that must be sent each escrow accounting year
  • Dealing with surpluses, shortages, and deficiencies

Who Should Attend?

Anyone on the residential mortgage side of the business who is responsible for establishing or maintaining escrows, attorneys, closing agents, loan officers, compliance officers, auditors, testers, and management will all benefit from the information in this webinar.

 

Webinar Viewing Options

LIVE WEBINAR:                                              

INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK!  With this option, you will participate in the webinar live, via the internet. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time.  And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:

With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

CD-ROM VIDEO:

If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool.  With this option, you will receive a download of any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) via regular mail. Mailed 7 to 10 days after the webinar takes place.

IN-HOUSE:                                                        

Webinars can be scheduled and offered exclusively for your company.  They can even be customized to best fit your needs.  To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

Register Here!

Choose the viewing option that best suits your needs. Live Webinar times are shown as Eastern Time. You can choose to pay by credit card or invoice when you register. CFT Credit will be awarded to the registrant, unless directed otherwise (additional attendees can also receive credit for an additional fee). CFT Webinars are powered by Total Training Solutions!

Webinar Date Start Time End Date End Time Viewing Options - See Descriptions Above Price
02/25/2102:30 PM 04:30 PMLive Webinar $265.00
02/25/2102:30 PM 04:30 PMLive & On-Demand $365.00
AnyAny Six Month On-Demand Recording $295.00
02/25/2102:30 PM 04:30 PMLive, On-Demand, CD-ROM $395.00
AnyAny CD-Rom Video Recording $345.00
Register Now