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Webinar: Real Estate Lending Series: Escrow Account Compliance

Getting escrow right is very important to the borrower, your credit union, and the examiners. It involves many requirements, including initial analysis and disclosure, annual disclosures, recordkeeping, and more. For example, RESPA, TILA, and flood compliance regulations all address when escrow is required. This webinar will review the entire process, and reveal common errors and examiner citations that highlight the “hot buttons.” Checklists will be provided to ensure your credit union complies with the escrow requirements and that your disclosures and statements are complete, compliant, and correct.

The handouts will be provided in Word using procedural language.  This will provide a template for writing or enhancing your own escrow procedures.

HIGHLIGHTS

  •  When does escrow apply according to RESPA, TILA (for high-priced mortgages), and flood regulations?
  • Initial analysis for proper escrow amounts
  • How should escrow be disclosed on the GFE and HUD statement?
  • What needs to be included on the initial disclosure and annual and short-year statements?
  • What should be done if there is a shortage, surplus, or deficiency?

 TAKE-AWAY TOOLKIT

  • Worksheet for reviewing escrow account disclosures and calculations
  • Sample checklists to test disclosure content
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

Attendance verification for CE credits provided upon request.

WHO SHOULD ATTEND?
This informative session is designed for compliance officers, lending personnel, and auditors.

PLEASE NOTE:  The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.

ABOUT THE PRESENTER – Ann Brode, Brode Consulting Services, Inc.
Ann Brode began her career in 1973 and has continued her service as a consultant to regional and community financial institutions through a wide range of areas including strategic planning, lending, deposits, marketing, training, compliance, and management.  Ann is a well-respected presenter and has spoken to audiences across the country for over 25 years.  She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin as well as many other state banking schools.  Ann is the author of The Bank Deposit Documentation Manual for Front-Line Personnel, published by Bankers Publishing Company, and is well represented in numerous industry publications.

THREE REGISTRATION OPTIONS
Note:  All materials are subject to copyright.  Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited.  Print materials may be copied for eligible participants only.

1.  LIVE WEBINAR
The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials, including instructions, PIN number, and handouts will be emailed to you prior to the broadcast.  You will need the most-current version of Adobe Reader available free at www.adobe.com.

2.  ARCHIVED WEBINAR & FREE CD ROM*
Can’t attend the live webinar? The archived webinar is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the archived webinar link. This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.

As an added bonus, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the archived webinar or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

The archived webinar (including the free CD ROM) may ONLY be ordered for 6 months following the webinar. Neither will be available after this time.


Convenient!

Listen to the archived webinar on your iPad, iPhone, or Android
Instructions will be emailed with the archived webinar link.


3.  BOTH LIVE WEBINAR & ARCHIVED WEBINAR (INCLUDES FREE CD ROM*)
Options 1 and 2 described above

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

*CD ROM is for Mac and PC use only

This event is being conducted by CU Web Training on behalf of the Missouri Credit Union Association. Click here to register: https://mcua.fed.cuwebtraining.com/store/webinar

September 3rd, 2014 2:00 PM   through   3:30 PM
United States

Event Info

When

September 3rd, 2014 2:00 PM   through   3:30 PM

Where

United States

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