View All

	All about Escrows Presented by: David Dickinson One of the most misunderstood areas of the HUD-1/1A Settlement Statements is the escrow section concerning single-item and aggregate analysis adjustments. The aggregate analysis rules will be explained in an easy to understand method. Loan officers and administrative personnel will gain practical knowledge that will save them both time and money. The information presented at this seminar is not typically discussed at compliance seminars or in compliance manuals. Escrow overages have become a very sensitive topic to the public. Therefore, examiners review escrow accounts with much scrutiny. Escrow violations, even if isolated or technical, can lead to serious regulatory consequences. Additionally, we will discuss initial disclosures, annual disclosures, short-year statements and pay-off statements.
	Complying With RESPA's Section 8 Rules Presented by: Jack Holzknecht Over the past few years the Department of Housing and Urban Development (HUD) has tripled its enforcement staff. And no big surprise, the number of enforcement actions has increased significantly. Many of the actions involved violations of Section 8 of RESPA, which prohibits unearned fees and kickbacks. For the past year or so we have seen HUD enforcement actions involving RESPA nearly every month. The settlements have ranged from a few thousand dollars to nearly a $1 million. Failure to comply with Section 8 rules can lead to jail terms, in addition to the penalties.
	HUD-1/1A Settlement Statements Presented by: David Dickinson The proper completion of the HUD-1 and HUD-1A Settlement Statements is tricky and often confusing. Many banks have been cited incorrectly for completing these forms. Because these errors typically involve technical aspects of the rules, violations can be frustrating. We will thoroughly review the HUD-1/1A rules to give you a better understanding of the requirements and ensure compliance for your bank in the future. Additionally, you will receive a resource packet containing the HUD-1/1A instructions and several examples for future reference. The information presented at this seminar is not typically discussed at compliance seminars or in compliance manuals. Designed for loan personnel that prepare Settlement Statements and for those personnel tha must answer technical questions at loan closings.
	Proper Completion of RESPA Disclosures Presented by: Jack Holzknecht As a result of the number and complexity of the disclosures required by the law, Real Estate Settlement Procedures Act (RESPA) is now the most frequently cited source of violations. This two-hour program reviews the many disclosures required by RESPA and Regulation X and explains: The circumstances under which the disclosures are required; The timing requirements for delivering the disclosures; and How to properly complete the disclosures.
	RESPA - Escrow Rules Presented by: Jack Holzknecht The Real Estate Settlement Procedures Act is a large and complex law. The law and the implementing regulation, Regulation X, contain rules for administering escrow accounts. The escrow rules apply to both required and voluntary escrow accounts. The escrow rules apply to both required and voluntary escrow accounts. The escrow rules are the source of significant confusion and many violations. This two-hour seminar explains how to set-up and administer escrow accounts in compliance with the rules contained in RESPA and Regulation X.
	RESPA - Frequently Asked Questions Presented by: Jack Holzknecht When we conduct webinars on RESPA we are always inundated with questions. And we have conducted quite a few programs on various aspects of RESPA over the years. We have "mined" those previous programs to develop a list of frequently asked questions. The questions cover all aspects of the regulation - coverage, exemptions, disclosure rules (content, timing, etc.) and prohibitions. And we have scheduled plenty of time for your new questions during the program.