RC_LA_EA_300.5 Escrow for New and Transferred Loans

1-5 CMB Points Advanced Education Loan Administration & Servicing Residential Residential Certified Mortgage Servicer (RCMS) Self-Study Web-Based Courses
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Option Price
Member $50.00
Non-Member $100.00

Escrow for New and Transferred Loans examines escrow concerns when new loans are acquired or when loans are transferred. The course begins with a discussion of how the correct monthly payment and initial deposit are established for new loans. Next, it examines escrow-related issues and functions during a servicing transfer and concerns for the acquiring lender. Finally, the course describes the escrow-related functions performed by both the buying and selling lenders to ensure that service to the customer will continue and that all duties and responsibilities are met.

This is a single-family/residential course.

Topics:

  • New Loans
  • Servicing Transfer Issues
  • Escrow Functions During Servicing Transfers

     

    Seat time approximately 30 mins.

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