Line-by-Line Analysis of the HUD-1 Settlement Statement

Printer-friendly Version

---

The time for actual use of the new HUD-1 Settlement Statement has finally arrived and it is clear that there has been a paradigm shift in the knowledge required to survive in this industry.  For the first time ever, loan originators and processors have to know exactly what will be collected at the closing table and escrow officers need to understand the intricacies of the GFE.  From start to finish, it is truly a collaborative effort for all parties to reach the closing table and still remain profitable.

This webinar will provide a view from the trenches.  We will share the common mistakes currently being made and show you the proper way to complete the HUD-1 line by line.   

HIGHLIGHTS

• Line-by-line HUD-1 analysis
• Explanation of the HUD-1 Page 2 concepts and lingo

• Roll-up line items
• Inside the column
• Outside the column
• Borrower’s fee responsibilities
• Seller’s fee responsibilities

• Direction on how to show credits on HUD-1 page 1
• How HUD-1 Page 3 comparison charts work
• Guidance on how to cure tolerance violations
• Errors commonly made in the first few months and potential solutions
• Analysis to bridge the disclosure requirements between the GFE and HUD-1

WHY SHOULD YOU PARTICIPATE?
This session is a cost effective way to thoroughly understand and accurately complete the new HUD-1 Settlement Statement and to learn the new requirements to bridge the gap between the new GFE and HUD-1.  You may train your origination, closing, compliance, and support personnel for one set price.  There will be no travel costs, no time lost from work, and no one will be required to leave the institution.

WHO SHOULD ATTEND?
This timely program will benefit all originators and staff involved in single-family residential lending and compliance officers.

PLEASE NOTE:  Your registration fee allows you to have one telephone connection.  However, as many people as you like may listen from your office speaker phone.  If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.

ABOUT THE PRESENTER – Christine Sisseck, Operations Manager, Schwartz & Associates
Christine has been with Schwartz & Associates, a Texas real estate document preparation law firm, for 20 years. Employed in the mortgage industry since 1985, she has a wealth of knowledge of residential real estate regulations and compliance matters, as well as experience in all phases of loan production, closing, and operations.  Prior to Schwartz & Associates, she worked at Merrill Lynch Mortgage, First Union Mortgage, and Gregory Gregg & Associates.  Christine attended Missouri Southern State College in Joplin, Missouri.  Her expertise, attention to detail, and commitment to accuracy in document preparation have been instrumental in taking Schwartz & Associates from a start-up operation to a national document preparation firm with a reputation for knowledge and quality.

THREE REGISTRATION OPTIONS

1.  LIVE WEBINAR
The LIVE WEBINAR registration option allows you to have one telephone connection for the audio portion and one internet connection (from a single computer terminal) to view online visuals as the presentation is delivered.  You may have as many people as you like listen from your office speaker phone.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials will be sent prior to the broadcast along with hookup instructions.  Your pin number, hookup instructions and handouts will be emailed to you.  You will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.

2.  ON-DEMAND WEB LINK** AND FREE CD ROM*
Can’t attend the live webinar?  The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals, and handouts.  We even provide the presenter’s email address so you may ask follow-up questions.  Within 5 business days following the webinar, you will be provided with a web link that can be viewed anytime 24/7 for the next 6 months.  This link will expire 6 months after the live program date.  But there’s more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.*  The CD includes the original audio/visual presentation, the question and answer sessions, and the handouts.  Use the on-demand link or this “off-the-shelf” training program for those that could not attend the live seminar and for future training. 

3.  BOTH LIVE WEBINAR AND ON-DEMAND WEB LINK** (INCLUDES FREE CD-ROM*)
Includes options 1 and 2 above

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE

*CD Rom for PC use only

**All materials are subject to copyright and intended for your bank’s use only.

Register