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