LTI Online Courses: Escrow Accounting Procedures Course

During this time of intense government and media scrutiny on the land title industry you must educate your employees regarding proper escrow accounting procedures. Millions of dollars a year flow in and out of your employees' hands.

For more than 36 years The Land Title Institute, Inc. has provided Correspondence Courses to title industry professionals, both accomplished and new to the industry. LTI is pleased to bring you the education you need to develop a knowledgeable and successful staff.

• Experienced LTI Student? Purchase the course and get started!
  
  
• New to LTI Online Courses? Read on to learn more . . .

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COURSE CONTENT

The Escrow Accounting Procedures Online Course is an Internet-delivered, self-study course which can be completed in approximately two hours. Students will have access to the course for only 14 days after purchase.

The course presents a model system of good managerial practices designed to minimize risk in handling escrow funds. The course is comprised of four Educational Modules, each ending with a set of questions to reinforce the course content, and a valuable Resource Guide.

FOUR MODULES

The modules and their objectives are:

• Escrow Agent - Define fiduciary and how it applies to escrow holders; understand the benefits of handling escrow transactions; and become familiar with basic stewardship issues surrounding escrow transactions.
• Escrow Accounting - Identify the basic elements of internal control; learn steps to limit risks from fraud, forgery, and unauthorized or improper wire transfers; and understand and appreciate the need for sound escrow accounting procedures.
• Good Managerial Practices - Learn the basic elements of general control procedures, including handling incoming and outgoing funds and wire transfers; become familiar with essential records and documents; understand the need for reconciling accounts and see examples of two-way and three-way reconciliations; and identify key duties to be segregated among staff.
• Specific Escrow Control Procedures - Learn procedures for controlling receipts, disbursements and escrow investment accounts; understand the need for legal assistance when dealing with constructions disbursements; and become familiar with escheat - what to look for and what is required.

RESOURCE GUIDE

The Escrow Accounting Procedures Course includes a 70+ page Resource Guide which is downloadable and printable. The guide includes:

• An introduction to Check 21
• An introduction to the USA PATRIOT Act
• Sample reconciliation worksheets
• Checklists
• Glossary of terms

COMPLETION TIME FRAME

Students have unlimited access to the course for 14 days. Access will be terminated after the 14 day window has expired. Please note: There are no refunds or substitutions. Enrolled students must complete the course in 14 days.

ACHIEVEMENT FOR GRADUATES

A suitable-for-framing Certificate of Completion is available online to each student once the course is completed.

Get Started!

• Experienced LTI Student? Purchase the course and get started!
  
  
• New to LTI Online Courses?
  • Purchasing A Course is easy. Visit LTI Online, click the "New User" button and be sure to enter your Access Code to guarantee the best price for your course. Once your user account is set up, visit the "Catalog" and purchase the course. If you prefer to pay by check, please contact LTI Staff directly.
  • Pricing & Sponsorships offer many options to individuals and companies. To discover the best price available, learn more about the programs available.
  
  
  

System Requirements

To support your student experience, your computer must have Microsoft Internet Explorer 6 or later; or the latest version of Mozilla Firefox as well as the Adobe Flash Player and Acrobat Reader. You must also have Javascript, Popups, and Cookies enabled. You can Test your computer for readiness anytime.

QUESTIONS?

Questions on the LTI courses? Please contact Kevin Russell, LTI Education Manager, at kevin_russell@alta.org or 800-787-2582 x329 for more information.