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Wisconsin Credit Union Foundation

Escrow Account Compliance, Including Shortages, Surpluses & Deficiencies

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.

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Type of Event
On Demand Webinar

Who Should Attend
  • Lending
  • Live Webinars
  • On-Demand Webinars
  • Finance

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Description

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.

Learning Objectives

  • 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
  • Escrow FAQs

Speaker

Ann Brode - Harner, Brode Consulting Services, Inc.

Investment

$259.00