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Real Estate Escrow Accounts & Flood Insurance

Mar 17 2:00 PM - Mar 17, 2022 3:30 PM
Mar 17, 2022 2:00 PM - 3:30 PM
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Proper handling of escrow accounts and flood insurance is critical. No one wants to find themselves on the wrong side of an enforcement action or lawsuit. Attend this webinar to learn the important aspects of these two issues, including initial calculation and notice requirements.

Learning Objectives

  • Calculate the amount of flood insurance coverage and escrow payments
  • Use the escrow account and flood insurance model forms
  • Define when flood insurance is required
  • Explain when insurance can be force-placed
  • Distinguish between the requirements for shortages and deficiency replenishments on escrow

Improper handling of escrow accounts and flood insurance has led to enforcement actions and litigations. Escrow for taxes and insurance (AKA impound accounts), whether voluntary or required, comes with a host of calculation and notification requirements. The same is true for flood insurance. Unfortunately, mistakes and miscalculations can cause examination issues, consumer complaints, and risk. This webinar will explore these two issues from initial calculation and notice requirements to ongoing annual and other requirements.



Mary-Lou Heighes, Compliance Plus, Inc.

Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.

Involved with financial institutions since 1989, Mary-Lou has over 25 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.




Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • Compliance
  • On-Demand Webinars
  • Lending & Collections