RC_LA_EA_300.5 Escrow for New and Transferred Loans
MBA Member Price: $49.00
Nonmember Price: $79.00Purchase
This is a single-family/residential course.
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.
Seat time approximately one (1) hour.