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Top Escrow Compliance Exam Issues, FAQs & Field Audits

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.”

May 17, 2018 02:00 PM   -­­  May 17, 2018 03:30 PM
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Executive
  • Board Member

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Description

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.

Learning Objectives

  • When does escrow apply under RESPA, TILA (for high-priced mortgages), and flood rules? 
  • 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 examinations

Speaker

Ann Brode-Harner, Brode Consulting Services, Inc.

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