Friday, April 6th, 2018
Are you struggling to close your transactions on time? This unique workshop is designed to bring industry experts together from the three main entities of a real estate transaction - the Lender, Escrow Officer, and REALTOR®. Together these parties ensure that all aspects of the real estate transaction are working to close your deal on time. If you want to ensure the transaction closes quickly all parties need to send, receive, and communicate all information accurately and within the required schedule.
This workshop is packed with the answers you need to ensure each party knows what they are responsible for to best communicate with everyone involved in the transaction. You'll learn from each party as they communicate their involvement in the real estate transaction process and how you fit into the process to ensure your files are complete for a transaction to close successfully on time - every time!
In the first part of the workshop you'll hear from Lender and Escrow professionals about the best practices, followed by an open discussion for everyone to participate. Bring your case studies and questions - this is your opportunity to get answers and network with your peers!
If you are a lender, escrow officer, or REALTOR®, this is a workshop you won't want to miss!
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
◦Ordering loan documents
◦Funding the loan
•Mortgage Banker vs. Mortgage Broker
•How a Wire Works
Who should attend:
This workshop is a great training program for anyone who wants to learn about the real estate transaction process, including assistants. This workshop is also recommended for anyone involved with the real estate process; anyone working in escrow and mortgage origination or anyone working with a lender.
Transaction Talk is a mandatory class in earning the C.A.R. Education Certified Transaction Coordinator (CTC) Certification.