Multi-State Study Manual for Closing Agents 2nd Edition [Textbook/Online Exam Prep]
SKU: MSM-CA2
Avail: 3 Days
Mfg: National Title Insurance Academy
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2nd Edition Newly Revised for 2016!
The inspiration for this manual came from the enormous success of our most popular jobskills training manual, Closing Concepts: A Title Training Manual for Settlement/Escrow Professionals coupled with more than 20 years of teaching industry prelicensing courses. Most state exams for title agent licensure touch lightly, if at all, on the settlement/escrow side of the industry. Following more than a decade of unparalleled levels of fraud — mortgage fraud, securities fraud, foreclosure fraud, foreclosure-rescue fraud, and short-sale fraud — state regulators and industry professionals are awakening to the fact that those who work as closing and escrow agents are our last line of defense in preventing future fraud and forgery.
Originally written as a self-study course, the textbook transitions easily to the classroom. The author, Karen Koogler, began teaching a 16-Hour Course from this textbook in August 2012, and will open up the course to a national audience in 2016, by expanding classroom offerings to title insurers, state land title associations and others who want to sponsor the course in their state. Plans are already in place to create a 16-Hour Online Course which we hope to complete by Fall/Winter 2016.
The Study Manual comes with an Online Exam Prep Component which provides chapter-by-chapter exams, enabling employers to assign specific chapters for employee study and test employees for topic comprehension. The Online Exam Prep Component is available for a period of 180 days from activation in the training portal and may be renewed for additional 180-day segments.
Written by Karen Koogler, the nation’s leading author of comprehensive title insurance textbooks and study materials, this study manual adds to her series of licensing and certification textbooks. In addition to assisting those independently studying for exams, the Study Manual and Online Exam Prep Component provides a meaningful educational foundation for the following:
- Formal Prelicensing Programs
- Industry Certification Programs
- State Title Association CE/CLE Programs
- Insurer Pre-Appointment Testing for Newly Licensed Agents
- Agency “New Hire” Testing
- Internal Employee Training Programs
- Regulator Training for Industry Investigators
Optional Secured Protocol Online Exam
Due to the federal [CFPB] regulatory emphasis on ensuring that all “service providers” [which includes title (closing) agents] are fully trained on federal regulations and risk management protocols, The Koogler Group offers an optional 100 question multi-topic multiple-choice secured protocol online exam delivered via our Training Portal. An important feature of the online exam is that it is proctored by The Koogler Group, as a third-party, thereby alleviating regulatory concern of employers falsifying test results to pass a regulatory audit. In addition, we maintain all exams by test-taker name and, upon written permission from the test-taker, will release the results to those who may request same as part of a “vetting” or audit process. The Secured Protocol Online Exam covers the entire content of the Multi-State Study Manual for Closing Agents and is only available to those who complete the Multi-State Study Manual for Closing Agents Self-Study Program.
Study Manual Covered Topics
The Multi-State Study Manual for Closing Agents contains 600 pages of text and includes access to an Online Exam Prep Component which provides chapter-by-chapter exams, enabling employers to assign specific chapters for employee study and test employees for topic comprehension. The Online Exam Prep Component is available for a period of 180 days from activation in the training portal.
The Study Manual contains over 100 pages of sample forms and audit checklists, and provides indepth, certification-level instruction on the following topics:
- INTRODUCTION
- STATE REGULATION OF THE TITLE INDUSTRY
- CONSUMER FINANCIAL PROTECTION BUREAU
- RESPA
- AFFILIATED BUSINESS ARRANGEMENTS
- HUD SOP 1996-4 // INSURER-AGENT REMUNERATION PRACTICES
- TILA-RESPA INTEGRATED DISCLOSURES
- TO SIGN OR NOT TO SIGN [U.S. FALSE CLAIMS ACT]
- GRAMM-LEACH-BLILEY ACT
- FEDERAL ESIGN ACT
- OTHER REGULATORY ISSUES
- MORTGAGE FRAUD AND FIDUCIARY DUTY
- INDUSTRY BEST PRACTICES
- ESCROW ACCOUNTABILITY
- RISK MANAGEMENT
- UNAUTHORIZED PRACTICE OF LAW
- CLOSING COMPLIANCE ISSUES
- REAL ESTATE CONTRACTS
- LOAN CLOSING INSTRUCTIONS
- TITLE INSURANCE COMMITMENT
- OWNER’S TITLE POLICY
- LOAN TITLE POLICY
- SOURCES OF TITLE
- LIENS AND ENCUMBRANCES
- OPENING THE FILE
- PROCESSING THE FILE
- CLOSING THE FILE
- POST-CLOSING THE FILE
