How you will benefit from taking this workshop:
- Build a strong foundation needed to understand the escrow process
- Learn how the contract affects the escrow process
- Understand that COMMUNICATION is key in the escrow process
- Identify the lender requirements regarding the Residential Purchase Agreements
- How to set up timelines for lender required activities regarding the loan process
- Understand the lender requirements (conditions) needed to assist your client with a timely closing
This course covers:
- What is escrow?
- What does the escrow holder do?
- Automated clearing house
- Non-recurring closing costs
- Recurring closing costs
- What is the buyer's lender responsible for?
- Ordering the appraisal
- Submitting to underwriter
- Conditional approval
- Ordering loan documents
- Funding the loan
- Mortgage Banker vs. Mortgage Broker
- How a Wire Works