Training Catalog: Course Description

This 16-minute Recorded Web Conference will help you easily reconcile your Freddie Mac Escrow Custodial Accounts. You will learn a basic methodology for reconciling your escrow accounts using the required Form 59E, Escrow Custodial Account Reconciliation Worksheet. Become familiar with common types of escrow funds and how to account for negative escrow.

This series of web conferences is designed to provide you with the information needed to effectively establish, maintain and reconcile Freddie Mac Principal and Interest (P&I) and Escrow custodial accounts. You may decide to participate in one or all of the following sessions, depending on your business needs.

• 1. Custodial Accts: Establishing Custodial Accounts
• 2. Custodial Accts: Reconcile Escrow Custodial Accts
• 3. Custodial Accts: Investor Accounting Overview
• 4. Custodial Accts: P&I Reconciliation/Form 59
• 5. Custodial Accts: Cash Disbursement Variances
• 6. Custodial Accts: Calculate Cash Receipts Variances
• 7. Custodial Accts: Identify Cash Receipts Variances
• 8. Custodial Accts: Cumulative Variances

• You must be an approved Freddie Mac Servicer to participate in this web conference.
• An Internet connection with a minimum connection speed of 28.8 kbps is needed to view this training session.
• You may wish to print and refer to the following course materials during the session: Course Materials

Participants should have a basic understanding of Freddie Mac's Investor Reporting and Remitting requirements, or attend the following workshops:

• Investor Reporting - Beginner
• Investor Reporting - Advanced

Learn how to quickly and easily reconcile Freddie Mac escrow custodial accounts.

• Common types of escrow funds
• Overview of escrow reconciliation
• Completing the Form 59E
• How to account for negative escrow