Be sure to JOIN US on February 25, 2020, for our webinar, “All About Escrows”.
Compliance with the escrow requirements can be tricky as the rules can be vague, some terms are not defined and some investors make up rules that contradict the regulatory requirements. One term that is defined in RESPA, but still causes confusion, is “escrow account computation year”. The escrow account computation year is a 12-month period that begins with the borrower’s initial payment date, not when the loan is closed. Why is this so important to understand?
Click on the video to listen to Dave explain more.
Other Upcoming Lending Webinars:
March 17th – TRID: How to Complete the Loan Estimate
March 24th – TRID: How to Complete the Closing Disclosure
March 26th – Compliance Just for Commercial Lenders
March 31st – TRID: Changed Circumstances & Revised Disclosures
Want more Free Lending tools? See here – https://store.bankerscompliance.com/link/LendingFD
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have three adult children, four grandchildren (none of whom live at home!) and two cats (of which Dave is allergic … the cats, not the children!). They recently moved to an acreage outside of Lincoln, Nebraska where he gets to play with his tractor. When possible David can be found fishing, making sawdust in his shop, or playing the guitar and piano. He also enjoys leading worship at his church.