Event Calendar

Wednesday, April 10, 2024

Real Estate Escrow Accounts & Flood Insurance Webinar

Start Date: 4/10/2024 9:00 AM MDT
End Date: 4/10/2024 10:30 AM MDT


Event Website: https://financialedinc.com/real-estate-escrow-accounts-flood-insurance-2024

Organization Name: Independent Community Bankers of Colorado

Contact:
Maelynn Lewis
Email: mlewis@icbcolo.org
Phone: (720) 607-7937

Escrow accounts and flood insurance requirements are just two of the many aspects of real estate lending. Both present challenges when it comes to proper calculations, notifications, and what to do when things don’t go according to plan. Do you understand the escrow phases and what is required during each? Do all properties in a floodplain require flood insurance? This comprehensive program will dive into all the details. This webinar will cover escrow accounts (also known as impound accounts for taxes and insurance) and flood insurance requirements from beginning to end: from flood insurance determinations and deciding whether insurance is required to handling coverage lapses, from making the initial determination of the amounts needed for an escrow account to handling payments and annual calculations of surplus or deficiency, as well as initial and ongoing notice requirements. Did you know that not all properties in a designated flood hazard area require insurance? Are you aware of the requirements for escrow accounts when loans are paid off, transferred, or terminated? Whether new or a seasoned pro, this webinar has something for everyone.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
  • Describe the uses of short-year escrow statements
  • Calculate the proper amount of funds allowed for an escrow account
  • Determine how much flood insurance is required under the regulation
  • Define the term “designated loan” as it applies to flood insurance
  • Distinguish between handling escrow shortages and handling escrow deficiencies
  • Understand the requirements related to private flood insurance
TAKE-AWAY TOOLKIT
  • Sample notices for flood and escrow accounts
  • Sample escrow account and flood insurance coverage calculations
  • Internet links to resources and citations
  • Employee training log
  • Interactive quiz
  • PDF of slides and speaker’s contact info for follow-up questions
  • Attendance certificate provided to self-report CE credits
WHO SHOULD ATTEND?
This informative session is directed to loan processors, loan officers, loan clerical staff, staff responsible for escrow or flood insurance calculation or maintenance, auditors, and compliance personnel. This webinar will also help you answer borrowers’ questions at closing.
 
DON’T MISS THESE RELATED WEBINARS!
Diving Deep into Force-Placed Flood Insurance, recording available
Flood Disaster Protection Act: Avoiding Violations, recording available
 
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.
 
MEET THE PRESENTER
Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country. Involved with financial institutions since 1989, Mary-Lou has over 30 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.
 
THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR
  • Unlimited live connections with shareable access within your institution
  • Available to view on desktop, mobile & tablet devices
  • Take-away toolkit
  • Live Q&A session & the presenter's contact info for follow-up questions
  • Access the webinar training from your User Portal
2. ON-DEMAND WEBINAR
  • Unlimited and shareable access to the recording within your institution,
    starting two business days after the live date
  • Available to view 24/7 on desktop, mobile & tablet devices
  • Take-away toolkit
  • Ability to download the webinar video and toolkit items
  • Presenter's contact info for follow-up questions
  • Access the webinar training from your User Portal
3. BUNDLE & SAVE
  • Save when you Bundle the Live + On-Demand Webinar Registration
  • Includes all the items listed above
  • Full registration descriptions can be found here

Online Registration

Registration is Closed
Closed: 4/9/2024 3:00 PM

Add to my calendar

Map