There are several lending laws and regulations out there that require escrowing of taxes, insurance, and similar fees. And not only are there rules that require escrows, RESPA then mandates the accounting for the escrow be maintained pursuant to specific rules. In this webinar, we’ll discuss the mechanics of establishing and maintaining escrow accounts, as well as in what situations escrows must be maintained.
In addition, there are several exceptions in the rules where small servicers are exempt from maintaining escrows if certain requirements are met.
Who Should Attend
Anyone on the residential mortgage side of the business who is responsible for establishing or maintaining escrows, attorneys, closing agents, loan officers, compliance officers, auditors, testers, and management will all benefit from the information in this webinar.
Continuing Education Credit Information
Escrows has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. For questions on certificates, please email firstname.lastname@example.org. Certification holders must report these credits at https://aba.csod.com.