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RC_LA_EA_200.1 Escrow in Loan Administration
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011110-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Escrow in Loan Administration describes the escrow administration function within the loan administration department. The course begins with a look at the three major components of the lending cycle: loan production, secondary marketing, and loan administration. It then outlines three primary risks of mortgage lending—borrower default, property damage, and tax sale—and illustrates how maintaining escrow accounts mitigates these risks. Next, the course defines escrow and describes how it is used to protect the lender's interests. The course then reviews the three major components of escrow accounts: mortgage insurance, property insurance, and property taxes. Finally, advantages and disadvantages of escrow to the lender and to the borrower are described.

Topics:

  • Mortgage Lending and Loan Administration
  • Risks in Mortgage Lending
  • Definition and Purpose of Escrow
  • Components of an Escrow Account
  • Advantages and Disadvantages of Escrow

    Seat time approximately one (1) hour.

    Copyright 2019.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011110-WC-W 
     
    Title:
    RC_LA_EA_200.1 Escrow in Loan Administration 
     
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