Escrow Accounts A to Z - 2018
Presented by
Andy Zavoina
Recorded on November 7, 2018
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2.0 hours
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Escrow accounts were once the domain of RESPA and HUD’s Reg. X. But we saw expansion of escrow accounts with flood requirements, Reg. Z’s Higher-Priced Mortgage Loans and the Dodd-Frank Act mandated changes as well. Once an escrow process is running, it just needs maintenance and controls. Banks need to ensure they are managing the escrow process completely from inception of the loan through the final payment and with audits in-between.
In this two-hour webinar we will:
As an auditor, lender or loan administrator you have responsibilities to provide statements and to properly account for the dollars flowing into and out of escrow accounts. It is important to do it correctly or your bank could face criticism, and your customers financial hardship.
We will show you what needs to be done so that whether you are a pro at managing escrows or they are new to you, you will know how to handle them. It isn't necessary to stop making certain loans just because you feel the escrow accounts are too cumbersome. And we'll discuss what we see for the future, so you will be prepared for the new proposed rules as well.
Andy Zavoina
Escrow Accounts A to Z
Materials
Slides
Webinar Q & A Document