Description
Mastering Escrow Requirements for Banks
Designed to equip you with practical knowledge, this webinar will use real-world examples to illustrate typical errors and provide actionable strategies to prevent them. By the end of the session, you will have a clear understanding of the regulatory requirements governing escrow accounts, from account creation to loan payoff, enabling you to enhance your institution’s operational efficiency and compliance.
Enhance Your Escrow Management Skills
Gain insights into these key learning objectives:
- Understand Escrow Management Requirements: Gain a comprehensive understanding of escrow account requirements from inception to loan payoff.
- Identify Common Escrow Errors: Learn about the most common escrow errors and how to avoid them.
- Master Escrow Account Closure Procedures: Discover the correct procedures for closing an escrow account under various scenarios, whether initiated by the financial institution or at the customer or member’s request.
- Enforce Escrow Management Post-Loan Inception: Understand the nuances of enforcing escrow after loan inception.
- Enhance Compliance in Escrow Requirements: Ensure your institution’s escrow practices are compliant with regulatory requirements, reducing the risk of fines.
Meet the Presenter: Bill Elliott, CRCM, Director of Compliance Education
Bill Elliott, a seasoned compliance expert with over 45 years of experience in banking, will lead the webinar. As the Director of Compliance Education at Young & Associates, Bill has a wealth of knowledge in regulatory compliance and has helped numerous banks navigate complex regulations. His extensive background includes roles as a compliance officer, CRA officer, and senior consultant, making him uniquely qualified to provide this essential training..
Escrow Compliance Webinar Details
This webinar is ideal for:
- Supervisory roles involved in escrow account management
- Lending team members responsible for managing escrow accounts
- Compliance officers ensuring regulatory adherence in escrow practices
- Operations staff handling the day-to-day tasks of escrow management
- Any banking professional uncertain about escrow account closing procedures
- Individuals responsible for enforcing escrow after loan inception
Participants will gain access to:
- On-Demand Access: View the recorded webinar session at your convenience.
- Detailed Manual: Access a comprehensive manual covering escrow management procedures, best practices, and common pitfalls.
- Presentation Slides: Review and reference the slides used during the webinar.
- Certificate of Completion: Receive a certificate recognizing your commitment to professional development upon completing the webinar.
Hosted by Young & Associates, Inc.
Young & Associates is a national leader in financial institution consulting, outsourcing, and education. We provide trusted expertise you need to manage risk, stay compliant, and position for growth and profitability. Find out more about Young & Associates.