PROFESSIONAL ESCROW AND TITLE SERVIC=
ES,
INC.
CE COURSES=
AND
DESCRIPTIONS
Ad
Valorem and Other Tax Issues. 2
Ensu=
ring
a Smooth Closing.. 2
Hist=
ory
and Regulation of Title Insurance. 3
Lend=
er
Closing Instructions-Do You Comply or Not? 3
Loan
Fraud Awareness and Red Flags. 3
Nota=
ry
Requirements, Duties and Responsibilities. <=
/span>3
Out =
of
County Transactions Rules and Regulations. <=
/span>3
Prot=
ecting
Privacy: The Law and Your Company Plan.. =
4
Resi=
dential
and Non-Residential Property. 4
T-2R=
Loan
Policy Rules and Preparation.. 4
Clos=
ing
Workshop-A Practical Approach to the Closing.. =
5
Conv=
eyancing
and Other Documents. 5
Escr=
ow
Procedures and Fiduciary Responsibilities. <=
/span>5
Poli=
cy
Covered Risks, Exclusions and Exceptions. <=
/span>5
An
Internal Audit of Your Guaranty File. <=
/span>6
Cons=
truction
Transactions and Case Studies. 6
Comm=
ercial
Closing Transactions. 6
Poli=
cy
Preparation Workshop. 7
Endo=
rsements-Forms,
Rules, Review... 8
Surv=
ey
Review and Workshop. 8
Prod=
uction
of the Commitment – Form, Rules, Preparation
Unde=
rstanding
the Most Common Rules. 9
Rates
and Rules Calculation Workshop. 9
Ad Valorem and Other Tax Issue=
s
104098CTT10 &=
nbsp; 1.0
Hour
The objec=
tive
of this course is to focus on Procedural Rule P-20. It will address the issue of rollb=
ack
taxes, review the difference between the 1-d and 1-d-1 exemptions; discuss
supplemental taxes and other tax exemptions. It will further explain the manner=
in
which a closing office should correctly calculate tax prorations and will
review the
Dealing
With Dead People in Title
104104CTT10 &=
nbsp; 1.0
Hour
The objec=
tive
of this course is designed to inform the escrow and closing personnel about=
the
documentation acceptable in a Texas closing transaction regarding heirship
matters.
It will
further discuss the appropriate requirements for the commitment for title
insurance; required information to secure an acceptable heirship affidavit;
discuss the Medicaid Estate Recovery Program; and review intestate successi=
on
in Texas.
104106CTT10 &=
nbsp; 1.0
Hour
The objec=
tive
of this course is to address the basics of the closing transaction. It will
emphasis best practices to effect a smooth closing identifying good funds,
proper government issued identification,&n=
bsp;
contract and lender instruction compliance along with proper impleme=
ntation
of the Texas Department of Insurance Rules and Regulations.
Foreign
Parties in the Transaction
104108CTT10 &=
nbsp; 1.0
Hour
The
objective of this course is to generate awareness of the various categories=
of
foreign identifications and to understand the appropriate terminology.
It
is further designed to educate the closing and escrow personnel about the
acceptable documentation for a closing transaction conducted in Texas.
History and Regulation of Title
Insurance
104109CTT10 &=
nbsp; 1.0
Hour
Lender
Closing Instructions-Do You Comply or Not?
104110CTT10 &=
nbsp; 1.0
Hour
Loan
Fraud Awareness and Red Flags
104111CTT10 &=
nbsp; 1.0
Hour
The inten=
t of
this seminar is to provide the closing and escrow personnel with key points=
of
how loan fraud is committed. Its intent is to create level of awareness of
those issues which are most commonly identified as “red flags” =
to
potential loan and closing fraud.
Notary Requirements, Duties and
Responsibilities =
104112CTT10 &=
nbsp; 1.0
Hour
This course will provide the closing and escrow personnel with an
overview of the requirements associated with the commission of a Notary Pub=
lic.
It will explore the allowable forms of identification and provide informati=
on
regarding prohibited acts.
Out of County Transactions Rul=
es
and Regulations
104113CTT10 &=
nbsp; 1.0
Hour
It will focus on the Procedural Rules which govern the
out-of-county transaction and will further emphasize procedural compliance =
when
processing a “directly issued policy”.
Protecting
Privacy: The Law and Your Company Plan
104117CTT10 &=
nbsp; 1.0
Hour
Points of discussion will be the application of the federal and
state guidelines in the agency operation, including restricted access to
Sensitive Personal Information and the importance of written privacy
guidelines.
Residential and Non-Residential Property=
104119CTT=
10 &=
nbsp; 1.0
Hour
The objective of this seminar will be to provide the escrow and
closing personnel with a better understanding of the difference between
residential and non-residential property.&=
nbsp;
It will further educate the escrow personnel on these two type=
s of
property as they relate to the Texas Department of Insurance Promulgated Ru=
les,
Rates, Policy and Endorsement forms that stipulate usage of policies and
endorsements based on property types.
104120CTT=
10 &=
nbsp; 1.0
Hour
The primary objective of this course is to introduce the escrow
personnel to RESPA and to Regulation X, Appendix A as it relates to the pro=
per
preparation and utilization of the HUD-1 Settlement Statement.
The course outline also apprises escrow personnel of
responsibilities regarding the HUD-1 as it relates to the lender’s lo=
an
closing instructions.
T-2R
Loan Policy Rules and Preparation
104122CTT10 &=
nbsp; 1.0
Hour
Specific Attention will be emphasized on the distinction betwe=
en
the T-2 Loan Policy and the T-2R Loan Policy and will outline the accurate
completion of the T-2R Loan Policy and Addendum.
It will also include the application of appropriate procedural=
and
rate rules as promulgated by the Texas Department of Insurance.
Closing Workshop-A Practical
Approach to the Closing
104100CTT150 =
1.5
Hours
The objec=
tive
of this course is to provide escrow personnel with the appropriate response=
s to
general title insurance and closing process questions/issues addressed by t=
he
proposed insureds.
This cour=
se
will also offer a discussion as to “closer control” and affirma=
tive
representation vs. affirmative misrepresentation.
Conveyancing and Other Documen=
ts
104103CTT150 =
1.5 Hours
The objec=
tive
of this course is to detail the most commonly used conveyance documents in a
real estate closing transaction.
It will
familiarize the escrow and closing personnel with the definitions and eleme=
nts
of contracts, deed, deeds of trust, releases and
various other legal documents.
Escrow Procedures and Fiduciary
Responsibilities
104107CTT150 =
1.5
Hours
The objec=
tive
of this course is to discuss and review in great detail the Minimum Escrow
Accounting Procedures and Internal Controls as regulated by the Texas
Department of Insurance.
It will
further focus on the fiduciary and regulatory responsibilities imposed on t=
he
agent.
Policy Covered Risks, Exclusio=
ns
and Exceptions
104114CTT150 =
1.5
Hours
The objec=
tive
of this seminar will be to provide the closing and escrow personnel with an
understanding of the policy coverages, including exclusions and exceptions =
to
the promulgated forms. It will further provide insight to those matters whi=
ch
are not covered under the terms of a policy of title insurance in Texas.
An Internal Audit of Your Guaranty File
104099CTT20 &=
nbsp; 2.0
Hours
The objec=
tive
of this course is to familiarize the escrow personnel with the regulations
established pursuant to Title II, Section 1 of the Texas Insurance Code to
provide for the protection of the purchaser of a title insurance policy.
This cour=
se
will provide the escrow personnel with the necessary information to insure
compliance with the regulations and to implement business processes and
procedures.
Construct=
ion
Transactions and Case Studies
104102CTT=
20 &=
nbsp; 2.0
Hours
The purpose of this course is to inform escrow and closing personnel
about the proper use of an Interim Construction Binder and a Loan Policy in
construction loan transactions.
It will focus on compliance with the interim binder rule effective
November 1, 2005 and will further discuss the application and issuance of D=
own
Date Endorsements to policies on construction transactions.
Closing
Procedures “101”
104124CTT20 &=
nbsp; 2.0
Hours
The purpose of this course is to educate the closing and escrow perso=
nnel
on Federal and State regulated laws and procedures incident to the settleme=
nt
and closing process.
It will emphasize the importance of full disclosure and fiduciary
responsibilities regarding all aspects of closing from opening the order to
closing and funding the transaction.
Commercial Closing Transaction=
s
104101CTT20 &=
nbsp; 2.0
Hours
The objective of this course is to provide the escrow personnel with a detailed explanation of procedures to follow while conducting a commercial closing.<= o:p>
The course
will address the various types of commercial closing transactions and the
nuances between commercial and residential closings. It will define residen=
tial
and non- residential property. It will further reinforce the Texas Departme=
nt
of Insurance Rates, Rules, Regulations and Bulletins.
Policy
Preparation Workshop
104115CTT20 &=
nbsp; 2.0
Hours
This cour=
se
will discuss the actual preparation of the promulgated owner’s and lo=
an
policies and the interim construction binder.
It will
further provide a checklist for the agent in order to properly prepare poli=
cies
and ensure premiums and endorsements requested are properly collected for a=
nd
issued.
Endorsements-Forms, Rules, Rev=
iew
104105CTT250 =
2.5
Hours
The objec=
tive
of this course is to focus on endorsements most commonly used in the closing
process. It will focus on the
Procedural and Rate Rules required for the issuance of the endorsements.
The course
will also review provide the escrow and closing personnel with a better
understanding of differentiating between residential vs. non-residential
property types when contemplating issuance of endorsements.
104121CTT250 =
2.5
Hours
This cour=
se
will be offered in lecture and classroom workshop format. An introduction to surveys and acc=
ess
will be offered to the attendees focusing on survey coverage as an addition=
al risk
liability. The instructor, th=
rough
copies of actual surveys and power point presentations will review the surv=
eys
from the agents’ guaranty files to locate encroachments, protrusions,
overlapping, etc. and discuss the risk factor involving affirmative
coverage.
A portion=
of
the course time will be allocated for classroom group/individual work on
surveys having the attendees utilize the information learned and put it to =
the
test by discovering survey issues and problems on their own.
Production of the Commitment
– Form, Rules, Preparation
104116CTT30 &=
nbsp; 3.0
Hours
The inten=
t of
this course is to provide the participant with a greater knowledge and
understanding of the promulgated form of the Commitment for Title
Insurance. The course will fo=
cus on
generating a valid commitment and the procedural rules affecting the commit=
ment
and its preparation. It will
further focus on drafting quality exceptions in the commitment, which will
serve as the basis for the policy issuance.
Understanding the Most Common =
Rules
104123CTT30 &=
nbsp; 3.0
Hours
The purpose of this course is to review and discuss the most
commonly used Procedural and Rate Rules.
It will provide the escrow personnel with a working understand=
ing
as to of these specific rules and their combination and rate structures whe=
re
applicable.
4.5 Hour Courses
Rates and
Rules Calculation Workshop
104118CTT=
450 &=
nbsp; 4.5
Hours
The objective of this course i=
s to
focus on teaching the calculation of premium involving the promulgated
Procedural and Rate rules.
Hypothetical case studies will be utilized.
The course will be delivered in
classroom style and with the participants working on case studies in smaller
groups. There will be several sets of case studies and following each set of
cases, the groups will discuss their findings and the rules involved in each
case study will be taught and reviewed.&nb=
sp;