On-Demand Webinar: Escrow – How to Avoid Errors and Fines

SKU: 23962

Your Price $249.00

Discover the intricacies of escrow management with our on-demand webinar tailored specifically for community banks and credit unions. This comprehensive recording features presenter Bill Elliott, who delves into the complexities of escrow requirements, highlighting common errors and how to avoid them.

Learn how to correctly close an escrow account based on timing and request type, and gain clarity on enforcing escrow after loan inception. This on-demand session provides practical knowledge with real-world examples, offering actionable strategies to enhance your bank’s operational efficiency and compliance.

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Description

Description

Description

Mastering Escrow Requirements for Banks

Escrow management is critical for maintaining compliance and preventing costly errors. This on-demand webinar from Young & Associates equips you with the knowledge and skills needed to manage escrow accounts effectively and ensure regulatory compliance. Access the recording now to enhance your escrow management practices and safeguard your financial institution’s operational integrity.

This on-demand webinar will discuss the world of escrow. Presenter Bill Elliott will delve into the complexities of escrow requirements, focusing on the most common errors and how to avoid them. For instance, do you know how to close an escrow account correctly? It all depends on exactly when you are closing that account, and whether you are doing it on your own or at the customer or member’s request. If you are unsure of any of the four scenarios for escrow account closing, this webinar is for you. And how do you enforce escrow after loan inception? We will answer that question, and others, as well.

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.

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