Learning Center

Escrow Accounting Procedures

Escrow Accounting Procedures is designed to educate employees on proper escrow accounting procedures by teaching a model system of managerial practices designed to minimize risk in handling escrow funds.

The course is online/self study; students will complete four modules, read the Resource Guide, and complete a course quiz. The course can be completed in around 2 hours. Access to the course expires one year from the date of enrollment. 

Escrow Accounting Procedures Course Modules:

  • 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.

Certificate of Completion

Upon successful completion of the course, a student will be able to download a certificate of course completion. 

Members: $150 / Non-Members: $225

Key:

Complete
Failed
Available
Locked
Resource Guide
Open to download resource.
Open to download resource.
Module 1: Escrow Agent
Open to view video.
Open to view video.
Module 2: Escrow Accounting
Open to view video.
Open to view video.
Module 3: Good Managerial Practices
Open to view video.
Open to view video.
Module 4: Specific Escrow Control Procedures
Open to view video.
Open to view video.
Quiz
30 Questions  |  2 attempts  |  21/30 points to pass
30 Questions  |  2 attempts  |  21/30 points to pass
Certificate
No credits available  |  Certificate available
No credits available  |  Certificate available