Did you know that RESPA covers both open- and closed-end loans? Do
you know when RESPA does not apply to an application? RESPA covers so
much more than just the Good Faith Estimate and Settlement Statements
(and covers even more in 2014!). This webinar is designed to provide an
overview of all RESPA components, from the definition of application to
the requirements for servicing mortgage loans, including the new error
resolution and information request processes with which you must comply.
Escrow calculation and notification requirements, servicing practices,
and much more will be outlined in this program.
Learn what constitutes a “settlement service”
Latest developments on kickbacks and unearned fees
Determine when you have a completed application that requires
sending the Good Faith Estimate
The tolerances for fees disclosed on the Good Faith Estimate and
Requirements for escrow accounts and error resolution regarding loan