escrow analysis

escrow analysis

With a budget loan, the mortgage lender's annual analysis of funds collected each month from the borrower for insurance and real estate taxes, the amount actually expended for those bills at year end,and the amount the monthly payments must increase or possibly decrease in the next year to provide the appropriate level of funds to pay the next year's bills.

References in periodicals archive ?
The mortgage company performed an escrow analysis on his loan.
She counsels borrowers to review the escrow analysis carefully to ensure that the appropriate amounts are being reserved for expenses.
From that point, users have the ability to amend tax lines and enter insurance information to generate the Initial Escrow Analysis Disclosure statement.
This would give the servicer 30 days to buy the loan out of the pool, make the necessary interest-rate adjustments and modifications to the principal balance, establish a new billing schedule and perform a complete escrow analysis.
The introduction of the Real Estate Settlement Procedures Act (RESPA) provided some impetus for the automation of escrow functions and more specifically, escrow analysis.
OLS users will have access to screens that are organized to perform cash processing, escrow disbursements, default servicing, investor reporting, customer service, escrow analysis, year-end reporting, inquiry and file maintenance, explained James B.
More recent servicing systems access these exceptions, placing loans into a queue for tax processing, escrow analysis, payment processing, etc.