Lender*VP
Summary
In this class we will review CU*BASE options for maintaining mortgage escrow shares and escrow analysis. From the initial configuration of type codes and escrow payees through the payment procedures and annual escrow statement, you will learn the interactive features that make CU*BASE a robust, comprehensive escrow-processing system.
Whether you are a current user of the escrow-processing system or haven't had much experience with it, this class will be beneficial. Pick up some new tips or use the information to decide in favor of automating escrow processing this year.
Audience
Lending managers, lending supervisors, and mortgage servicing staff.
Objectives
By the completion of this course, students will have:
nDiscussed escrow administration and Government regulation
n Investigated escrow set up, disbursement and analysis
nReviewed using CU*BASE for escrow administration
Topics
nEscrow Share configuration
n Escrow Payees/Type Codes
nOpen escrow account/add payees
nDisbursement report
nDisbursing escrow payments
nTax, Insurance and PMI tracking
nEscrow Analysis
n Analysis Configuration
n Preview(Trial)/Create(Final) Analysis
nRESPA real estate settlement procedures act
