LTI Online - Escrow Accounting Procedures for the Land Title Industry
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.
Are you willing to take a risk with an improperly trained employee?
Give your employees the power to learn what constitutes proper escrow transaction stewardship!
Enroll them in the LTI Escrow Accounting Procedures Online Course!
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.
CERTIFICATE OF COMPLETION
A suitable-for-framing Certificate of Completion is available online to each student once the course is completed.
COURSE FEES
Pricing. Per student course fee for Escrow Accounting Procedures Course:
Effective June 1, 2007:
| Non-ALTA Member |
|
$100.00 |
| ALTA Member |
|
$75.00 |
| *Through a Sponsor |
|
$55.00 |
*Certain companies and underwriters participate in LTI's sponsorship program; this entitles their employees and agents to a discount. Please check with your employer or contact LTI to determine if you are eligible for the discount.
Enrollment is simple and self-explanatory. From LTI Online, click the New User button, complete the screens, purchase the course, and get started. Payment online is made by credit card or pre-purchased vouchers. Vouchers are for check purchases or prepayments from companies.
SYSTEM REQUIREMENTS
To support your student experience, please be sure that you observe these system requirements:
- Microsoft Internet Explorer 6 or later; or the latest version of Mozilla Firefox.
- The Adobe Flash Player must be installed.
- The Adobe Acrobat Reader must be installed.
- Javascript must be enabled.
- Popups must be enabled.
- Cookies must be enabled.
Not sure if you're ready? Click here to check your computer
QUESTIONS?
Questions on the LTI courses? Please contact Kevin Russell, LTI Education Manager, at kevin_russell@alta.org or 800-787-2585 x232 for more information.
