Escrow Class
This class is designed for the Escrow Administrator responsible for setting up and maintaining the Escrow process.
What will be covered?
- The initial steps to set up system parameters and switches for processing Escrow for the first time
- How to build new loans with Escrow or build purchased loans with existing Escrow
- Posting payments to and disbursements from Escrow
- Generating monthly coming due and past due Escrow reports
- Running a final Escrow disclosure on a paid off loan
- Process annual Escrow analysis and disclosures
- Handle Escrow as part of a payoff
- Making changes to existing loan for Escrow items being added or dropped
- Review of various system generated Escrow reports and their use