In this class, the following topics are covered: escrow duties and liabilities, duty defined, liability of escrow closer and company, disbursement ledgers, matching the CDF, every penny counts, account balances, no co-mingling, zero balance post-closing, review of account balances monthly, 3-way reconciliations, matching the bank statement, ledger and trial balance, what is a trial balance and positive pay.
This course is the fifth course for the Indiana Title Professional ("ITP") Designation Closing track. This course can be taken as the fifth step in earning the Closing ITP designation or simply for continuing education hours that count towards the renewal of an Indiana title insurance producer license.
Mike is an Account Manager for First American Title Insurance Company. Mike began with First American as an auditor in November 2002; he was promoted to Audit Manager in March 2003 he managing auditors in thirteen states performing escrow audits for over 800 agents. Additionally, Mike has been across the country investigating embezzlement and defalcations ranging in value of $17 thousand to $16 million. Mike joined the agency department in 2007 assisting agents in the Midwest Region with escrow accounting and business development.
Prior to joining First American, Mike was a General Manager of a truck manufacturing company. Mike has a degree in accounting from the University of Indianapolis.
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