Residential Mortgage Escrow Account Training
Updated 12/14/2022
This training covers the different rules and requirements regarding mortgage escrow accounts.
Specifically it covers:
- Escrow requirements under the TILA HPML Rule
- RESPA Escrow Account Requirements
- Escrow Accounting Method
- Initial, annual, and short-year account statements
- Dealing with surpluses, shortages, and deficiencies
- Force-Placed Insurance on Escrow Accounts
- Escrow of Flood Insurance Payments
- TRID rules including, how escrow accounts are disclosed on the Loan Estimate and Closing Disclosure
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