Share This Page:

Email

Managing Escrow Accounts Webinar

Reg. Z rules require that certain loans, known as Higher-Priced Mortgage Loans (HPML),maintain escrow accounts for taxes and insurance for at least the first year. Many banks have never escrowed before, and although you might not want to start now, coming Dodd-Frank requirements will only broaden the scope of the requirement.

This one-hour webinar will provide you with the requirements under both Reg. Z and RESPA (since HPMLs are also covered by RESPA, you’ll have to comply with that rule’s escrow provisions, as well). Be ready for both the compliance and operational changes, so that your escrows meet all the requirements.

Covered topics include:

•What loans require escrows under the new Reg. Z HPML rule
•Coming requirements under Dodd-Frank provisions to further expand Reg. Z
•RESPA’s escrow requirements, including disclosures and accounting rules
•Figuring how to complete the escrow lines on the new GFE and HUD-1 forms
•Utilizing the aggregate accounting method
•Initial, annual, and short-year account statements
•Dealing with surpluses, shortages, and deficiencies
•What to do about payment shock

Who Should Attend?

Mortgage lenders, originators, compliance professionals, auditors, senior management, and anyone else involved in the mortgage or escrow process will be particularly interested in this webinar’s material.

Instructor: Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP)

Schedule and Registration Information

Choose the delivery type that best suits your needs.  Tuition includes textbook (if applicable).
Webinar times are EST.  All other class times are local time.

• Current Schedule
• Registration Information
• Print this Page
• Continue Search