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Event Date Wed Mar 9 EST (in about 2 months)
Location Webinar
Region All

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.

Covered Topics:
• Escrowing under flood insurance rules – when escrow must be maintained, as well as notices
• Reg. Z escrow rules – HPML rules that mandate escrow accounts, plus opt-out possibilities
• RESPA requirements – what is an escrow account?
• Can we maintain a “voluntary escrow” and avoid the RESPA requirements?
• Calculating the initial deposit into the escrow account – aggregate accounting rules
• How to complete initial and final disclosures with escrow information
• Required notices and statements – initial, annual, and short-year
• The 3 documents that must be sent each escrow accounting year
• Dealing with surpluses, shortages, and deficiencies

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.


2022 Speakers

Carl Pry
Managing Director, Treliant LLC in Washington, DC