Class Schedule  
 




ENHANCE YOUR
CAREER - E.L.M.S


949-589-1460
Lobrien.eti@att.net
www.escrow-eti.com

Escrow Training Institute Classes          ELMS - Escrow Leadership Management School Classes

Class Offering

Date

Time

Location

Register by:

Broker Controlled Escrows - Best Practices
(Summer Goralik)

May 19th 9:00 - 3:00PM

National University

Costa Mesa 
May 17th
TRUSTS – Everything You Need to Know
(Michael Haas)
June 2nd 8:30 - 12:00PM

National University

Costa Mesa 
May 30th
Basic Escrow
(Aaron Lloyd)
June 2nd 8:30 - 4:00PM

National University

Costa Mesa 
May 30th
Financial Aspects of Business Management
(Michael Haas)
June 9th 8:30 - 12:30PM

National University

Costa Mesa 
June 7th
Escrow Processing
(Donna Inman)
June 16th 8:30 - 4:00PM

National University

Costa Mesa 
June 14th
RESPA - Staying in Compliance
(Jennifer Felten)
June 23rd 8:30 - 12:00PM

National University

Costa Mesa 
June 21st
Business Principles, Practices and Law
(Jennifer Felten)
July 28th 8:30 - 12:30PM

National University

Costa Mesa 
June 28th

All classes provide “take away” manuals/material and FREE after class support!!


 

.
Broker Controlled Escrows - Best Practices
(Summer Goralik)
(Saturday, May 19th)    
Tuition: $189.00

When it comes to conducting broker-controlled escrows, regulatory compliance is not enough! Learn from a former Escrow Officer and California Bureau of Real Estate Investigator what it takes to stay compliant while implementing industry broker-controlled escrow “best practices”.

This class will provide real estate brokers and others with a fundamental road map to managing their in-house escrows; avoiding common mistakes, staying out of regulatory trouble and protecting themselves from a myriad of potential liabilities.

The following topics will be covered:

  • RE Brokers operating under the Escrow Law exemption; licensing and advertising
  • Staffing and employment contracts
  • Broker supervision, “best practices” policies and procedures
  • Required disclosures (e.g., common ownership, financial benefits, fees)
  • Escrow fees; management software systems & retention of records .
  • Fidelity bonds and related insurance
  • Trust Account set-up, required records, “best practices” policies and procedures
  • California Bureau of Real Estate – prohibitive practices
  • Unlawful incentives and​ kickback schemes in the escrow industry
  • Protocols which may protect the broker from administrative, civil and/or criminal liability and much more!

Location: National University Costa Mesa               Hours: 9:00 - 3:00


.
Basic Escrow
(Aaron Lloyd)
(Saturday, June 2nd)    
Tuition: $199.00

Our extensive "Basic Escrow" workshop establishes the foundation for understanding "escrow" and lays the ground work for future training as needed. This class covers many aspects of escrow with a focus on the resale escrow. Our workshop covers industry terminology, "tips & techniques" on a variety of subjects; working through "red flags", understanding Pre Lim and Title reports; opening an escrow; confidentiality, being a neutral third party, and more! Extensive material, handouts and templates are provided.
 

  • Industry Terminology/Acronyms
  • Escrow - Purpose: Buyer/Seller/Lender/Escrow Roles
  • Escrow Risk Management - Recognizing the "Red Flags"
  • Opening Escrow & Preparation of Escrow Instructions
  • Using the C.A.R. contract; Understanding Your General Provisions
  • Sale & Refinance Escrows - Notes, Deeds and Other Documentation
  • Ordering Demands - Sub Escrow
  • Title Insurance - Purpose and Types of Policies; Prelims – Identifying "red flags"
  • Documentary Transfer Tax, Prorations and Balancing the File (an introduction)
  • P.C.O.R. requirements and forms!

Location: National University Costa Mesa               Hours: 8:30 - 4:00


.
TRUSTS – Everything You Need to Know
(Michael Haas)
(Saturday, June 2nd)    
Tuition: $129.00

Michael Haas, CPA (Morton Alan Haas & Company) has been a featured (subject matter expert) speaker at many industry events, most notable the annual CEA Conference, the EIC Conference and Regional Education Day and/or dinner meetings throughout California.

We The Escrow Training Institute are is fortunate to have Michael present at our training workshops on a variety of subjects relevant to the escrow industry. In this workshop, you will learn about:

  • The differences between a Revocable Trust and an Irrevocable Trust
  • Taxation considerations based on the type of Trusts
  • Role of Successor Trustees
  • Estate distribution process at death
  • Exemption implications
  • Grantor & Non Grantor Trust - whether Form 593 is used and how
  • Items that are helpful in determining the Trust status
  • Filing an Income Tax return vs Filing a Fiduciary Income Tax returns
  • Knowing when you need professional help for guidance
  • And, quite a bit more!

Location: National University Costa Mesa               Hours: 8:30 - 12:30

 

.
Escrow Processing
(Donna Inman)
(Saturday, June 16th)    
Tuition: $199.00

Walk through an escrow. Learn the tips and techniques to manage the file, save time, follow up, stay organized and “on top” from start to finish!

This class offers an in-depth review of the in’s and out’s of the sale escrow and will focus on all aspects of the process. While this class compliments “Basic Escrow”, the entire class focus is on resale and is much different in content. Extensive file documentation/examples are provided to participants.

Walk through an escrow! Build your file! Fill out Private Party Payoff Demands, Title Requests, and other escrow documentation. Learn:

  • About the purpose and use of escrow related documents
  • What documents are sent to the Buyer! The Seller!
  • CFPB-TRID Timeline Requirements***
  • CFPB-TRID Disclosure Forms***
  • How to track down private parties for pay-off demands!
  • How to examine and take action on the sale escrow Prelim!! (Overview)
  • Managing the file and workflow process!
  • Establishing follow up systems to stay on track!
  • Staying organized and on top in a sometime fast and chaotic environment!

***NOTE: The CFPB-TRID information is an overview only! It is NOT a substitute for our regular half day class, which is in-depth and held separately!

Location: National University Costa Mesa               Hours: 8:30 - 4:00

 

.
Financial Aspects of Business Management
(Michael Haas)
(Saturday, June 9th)    
Tuition: $129.00

Our industry first (E.L.M.S.) Escrow Leadership/Management School once again offers a “Business Management” workshop, focusing on the financial aspects & business best practices you should consider.

This workshop is conducted by Michael Haas, CPA (Morton Alan Haas & Company), a well-known and highly respected industry “escrow” CPA and an annual speaker at CEA Conferences, Regional Escrow Associations dinners and an instructor for “The Escrow Training Institute”.

Who should attend: Escrow Officers, Managers, Escrow Business Owners, individuals considering opening an escrow operation, and those who want to learn more about business management and what you need to know to enhance your success!

In this workshop, you will learn:

Location: National University Costa Mesa               Hours: 8:30 - 12:30


.
RESPA - Staying in Compliance
(Jennifer Felten)
(Saturday, June 23rd)    
Tuition: $129.00

Want to stay in compliance? Confused about what you can/cannot do under RESPA Guidelines? Meet with Jennifer Felten, Esq. – RE LAW APC for an in depth discussion and exchange of information;

  • Marketing Limitations under RESPA & California Law!
  • RESPA - Section 8 - Rules & Penalties!
  • Recent Events Revolving Around RESPA violations!
  • DBO's Key Focus Areas; Your competition and More!
  • What is Value?  Donuts?  Pens?  Open House? & More!
  • RESPA Exceptions! Yes, There are Some!
  • Social Media - A New Era. What is Acceptable and Not!
  • Managing the Risk, Financial & Otherwise!
  • When to Contact an Escrow Attorney!

Location: National University Costa Mesa               Hours: 8:30 - 12:00


.
Business Principles, Practices and Law
(Jennifer Felten)
(Saturday, July 28th)    
Tuition: $139.00

This half day workshop will provide attendees with information and knowledge they can use as it relates to the business principles, practices, strategies and Legal requirements that should be adhered to in operating and managing any escrow business entity. Focus is on providing information primarily to the Independent Escrow Company (DBO) and Broker Owned Escrow Company (BRE).

Topics of discussion:

  • Setting Appropriate Escrow Fees & Discounts
  • Marketing (RESPA Considerations)
  • Managing the Escrow Office
  • Insurance Requirements & Recommendations
  • Taxes and Licensing
  • Employment Management
  • File Management & Privacy Act
  • Surviving an Audit
  • Knowing When You Need an Attorney (case scenarios)
  • Understanding the Important Elements Required When Drafting Escrow Documents
  • CFPB/DBO Updates
  • Q and A - bring your questions! 

Location: National University Costa Mesa               Hours: 8:30 - 12:30

 
     
 

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