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Course/Product Description
Title:

Dealing with Escrows, including Coming Changes

SKU:WC-1011176
Date / Time: Recorded
Format: Webinar
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Description:

Reg. Z rules require that certain loans, known as Higher-Priced Mortgage Loans (HPML),maintain escrow accounts for taxes and insurance for at least the first year. Many banks have only just started the escrow process, and although you might not want to start now, Dodd-Frank requirements will only broaden the scope of the requirement. The writing is on the wall: eventually all consumer mortgage loans will likely require escrows.

This webinar will provide you with the requirements under both Reg. Z and RESPA (since HPMLs are also covered by RESPA, you'll have to comply with that rule's escrow provisions, as well). We'll also talk about the CFPB's new disclosure requirements and where escrow information will appear on the new forms.

Be ready for both the compliance and operational changes, so that your escrows meet all the requirements.

Covered Topics:

  • What loans require escrows under the new Reg. Z HPML rule
  • Coming requirements under Dodd-Frank to further expand escrow requirements for more loans
  • RESPA's escrow requirements, including disclosures and accounting rules
  • Figuring how to complete the escrow lines on the existing GFE and HUD-1
  • How escrows will be disclosed on new mortgage forms: the Loan Estimate and Closing Disclosure
  • Utilizing the aggregate accounting method
  • Initial, annual, and short-year account statements
  • Dealing with surpluses, shortages, and deficiencies
  • What to do about payment shock

Who Should Attend

Mortgage lenders, originators, compliance professionals, auditors, senior management, and anyone else involved in the mortgage or escrow process will be particularly interested in this webinar's material.

The Presenter

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in On-Demand Or CD versions, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
More Info: Contact Us For More Information
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