Real Estate Escrow Accounts & Flood Insurance 2024 | Community Bankers Webinar Network | 10 April 2024 | Webinar

Escrow accounts and flood insurance requirements are just two of the many aspects of real estate lending. Both present challenges when it comes to proper calculations, notifications, and what to do when things don’t go according to plan. Do you understand the escrow phases and what is required during each? Do all properties in a floodplain require flood insurance? This comprehensive program will dive into all the details.

After This Webinar You’ll Be Able To:
• Describe the uses of short-year escrow statements
• Calculate the proper amount of funds allowed for an escrow account
• Determine how much flood insurance is required under the regulation
• Define the term “designated loan” as it applies to flood insurance
• Distinguish between handling escrow shortages and handling escrow deficiencies
• Understand the requirements related to private flood insurance

Who Should Attend?
This informative session is directed to loan processors, loan officers, loan clerical staff, staff responsible for escrow or flood insurance calculation or maintenance, auditors, and compliance personnel. This webinar will also help you answer borrowers’ questions at closing.

Take-Away Toolkit
• Sample notices for flood and escrow accounts
• Sample escrow account and flood insurance coverage calculations
• Internet links to resources and citations
• Employee training log
• Interactive quiz
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits

2024 Speaker

PRESENTOR:

Mary-Lou Heighes
President and founder, of Compliance Plus, Inc.