RC_LA_EA_300.5 Escrow for New and Transferred Loans
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.
Seat time approximately 30 mins.