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tax and insurance escrow

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tax and insurance escrow

A fund maintained by a lender when a borrower makes monthly payments toward the annual property tax and insurance bills. See PITI.



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The goals of agency transition and establishment of CSC were to: * achieve $250 million savings over five years; * provide consistency in servicing; * modernize outdated loan servicing software; * provide 24/7 customer access to loan information; * provide real estate tax and insurance escrow for customers; and * provide amortized loan schedules versus daily simple interest loans.
 
 
 
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