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