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RC_LA_FM_301.1 Bank Reconciliation Concepts
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011171-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Bank reconciliation is an essential step in confirming the accuracy of financial data among the various parties. A successful reconciliation ensures that the servicer's financial records correspond with the investor's records and the bank's records.

Bank Reconciliation Concepts begins with a look at the role of bank reconciliation in mortgage servicing. It then examines the types of accounts that are reconciled including custodial, clearing, general ledger, escrow advance, and P&I advance accounts. It then explores three reporting methods that affect the reconciling of custodial accounts. Finally, the course reviews the process for reconciling standard accounts and identifies special considerations for reconciling tax and insurance accounts.

Topics:

  • Bank Reconciliation in Mortgage Servicing
  • Types of Reconciliation Accounts
  • Reporting Methods
  • General Reconciliation Process
  • Tax and Insurance Accounts

    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:
    DL2-011171-WC-W 
     
    Title:
    RC_LA_FM_301.1 Bank Reconciliation Concepts 
     
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