The Estimated Taxes, Insurance and Assessments section within the Projected Payments Table on the Closing Disclosure is often a cause of confusion. Not only do you need to come up with the correct amount to disclose, you need to tell the borrower what all is included in that amount. You also need to answer the “In Escrow?” field with either “yes”, “no” or “some”.
Jerod explains more in the video and walks you through an example.
Ready to learn more? JOIN US for our webinar, “TRID: How to Complete the Closing Disclosure”. Featured topics include:
- How to Complete the Closing Disclosure Line-by-Line
- Rules for Issuing Revised Closing Disclosures
- Dates, Times & Time Zones
- Sales, Appraised & Estimated Property Values
- Fees & Charges – What, Where, When, Why & How?
- Did vs. Did Not Shop
- Calculating Cash to Close
- Tolerances & Cures
- Your Questions, Plain English Answers & Much More!
Published
2022/02/28
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!