Real Estate Escrow Accounts & Flood Insurance 2022 | Financial Education & Development Inc. | 15 March 2022 | Webinar

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.

After This Webinar You’ll Be Able to:
• 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.

Who Should Attend?
This informative session is directed to staff members who deal with initial and ongoing escrow and flood insurance requirements and notices, as well as those who work with outside third parties charged with these responsibilities. Audit, compliance, and risk management staff will also benefit.

Take-Away Toolkit:
• Escrow and flood calculation examples
• Links to online model notices and forms
• Timeline references
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits
• Employee training log
• Interactive quiz

2022 Presenter

Mary-Lou Heighes
President and Founder, Compliance Plus, Inc.