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Escrow Account Compliance: Getting It Right!
Coppelia Padgett

This webinar seeks to provide guidance and best practices on how to comply with the RESPA, TILA and the interagency flood regulations rules. In particular, we will discuss common problem areas where regulatory violations have occurred.

Price: $299.00

Venue

This is a virtual event, accessible online and over the phone. Access instructions will be provided after registration.
Escrow Account Compliance

Escrow accounts are often called the stepchildren of the mortgage business. However, millions of borrowers rely on these accounts and escrow activities to administer taxes, hazard insurance and other vital services. As a result, the federal regulators have implemented complex escrow accounting rules and disclosure requirements over the years to protect consumers and safeguard these accounts. Because consumers are directly affected, compliance with these escrow requirements, such as the initial escrow account analysis, is particularly important.

RESPA, TILA and the interagency flood regulations all have significant impact on escrow rules. This webinar seeks to provide guidance and best practices on how to comply with these rules. In particular, we will discuss common problem areas where regulatory violations have occurred.

Please join our expert, Coppelia Padgett, as she discusses practical steps to help you review and improve your institution’s escrow accounting process to ensure compliance and eliminate potential risks and problems.

WHAT YOU'LL LEARN

Some of the many topics and practical tips you will take away from this webinar include:

  • What regulations govern escrow account responsibilities
  • What loans require escrow accounts and guidance about voluntary escrow accounts
  • The initial escrow analysis & providing compliant initial escrow statement disclosures
  • Guidance for annual escrow analysis and annual escrow statements
  • The escrow account computation year & short-year statements
  • Controls and processes for validating calculations and escrow analysis
  • Regulation Z Higher-Priced Mortgage Loan (HPML) escrow mandates
  • Dealing with escrow account surpluses, shortages & deficiencies
  • Loan payoff escrow account statements
  • Handling issues with hazard and flood insurance premiums and escrow funds
  • And A checklist for annual escrow statement review to take with you
Price: $299.00

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PRESENTER

Coppelia Padgett

WHAT'S INCLUDED

  • Access your training anywhere, with a computer, tablet or smartphone.
  • Engaging and up-to-date training to support your career and your organization.
  • Handouts you can distribute to your board and staff.