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Escrow Account Annual Statements

JOIN US for our webinar, “All About Escrowing & Escrow Accounts”.

If you maintain escrow accounts subject to Section 1024.17 of RESPA, you are probably aware that you are required to provide an annual escrow statement to borrowers.  Some banks slip up here because the “annual escrow statement” is actually comprised of three separate types of information.  You are required to give:

  1. last year’s projection (what was supposed to occur);
  2. the account history (what actually occurred); and,
  3. next year’s projection (what you anticipate will occur).

David explains these in the video.

Escrow Statements

TWO HOUR TRAINING

Featured Topics: 

  • CFPB Escrow Accounts FAQs
  • Required vs. Voluntary Escrow Accounts
  • Initial, Annual, Short-Year & Payoff Statements
  • Surpluses, Shortages & Deficiencies
  • Step-by-Step Escrow Account Analysis
  • TILA’s HPML, TRID & Flood Insurance Intersections
  • Best Practices, Plain English Answers to Your Questions & Much More! 

Designed for consumer real estate loan officers, loan processors, compliance, audit, and any other personnel that handle escrow accounts.

(2.5 Continuing Education credit hours)

PRESENTERS LIVE ON VIDEO!

NO CHARGE FOR ADDITIONAL LOCATIONS!

Published
2022/02/11

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