From the initial analysis, to the TRID disclosure, to the annual statement,
there are numerous compliance requirements for escrow accounts – and lots of
room for errors! Noncompliance penalties can add up quickly. RESPA, TILA, and
flood rules all address when escrow is required. This webinar will review the
entire escrow process from start to finish, including compliance requirements,
common errors, and examiner citations from field audits and exams that highlight
compliance “hot buttons.” This program will include frequently asked questions
and provide checklists to ensure escrow compliance and that your disclosures and
statements are complete, compliant, and correct.
does escrow apply under RESPA, TILA (for high-priced mortgages), and flood
- Initial analysis for proper escrow amounts
- How should escrow
be disclosed on your TRIDs?
- What should be included in the initial
disclosure and annual and short-year statements?
- Handling a shortage,
surplus, or deficiency
- FAQs and common errors cited in field audits and
Ann Brode-Harner, Brode Consulting Services, Inc.