Getting escrow compliance right is very important to the borrower, your
institution, and examiners. Compliance requirements include initial
analysis and disclosure, annual disclosures, recordkeeping, and more.
In addition, RESPA, TILA, and flood compliance regulations all address
when escrow is required. What happens if you find shortages,
surpluses, or deficiencies? Having plenty of room for human error
means that penalties can add up quickly.
This webinar will review the
entire escrow compliance process and reveal common mistakes and
examiner citations that highlight “hot spots.” Checklists will be
provided to ensure you comply with the escrow requirements and that
your disclosures and statements are complete, compliant, and correct.
- When escrow applies under RESPA, TILA (for
high - priced mortgages), and flood insurance rules
Initial analysis for proper escrow amounts
- How to
disclose escrow on TRID documents
- Requirements for initial
disclosure as well as annual and short - year statements
- Handling shortages, surpluses, or deficiencies
Ann Brode - Harner, Brode Consulting Services, Inc.