Interest on Escrow Report

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• Bank Transactions Report

  This report summarizes all deposits, disbursements and transfers by bank account for the current date. Before running this report, confirm that the investor bank accounts and your company's accounts are set up properly. This will ensure the report ...

• Interest on Escrow Calculations

  Servicing Director calculates interest on escrow as follows: Monthly Calculation Method This calculation determines the day of the month on which the accrual is based and then on that day, computes the accrual. If State.IOECalcMethod = "3" (monthly) ...

• Monthly Interest on Escrow Accrual Calculations

  Servicing Director Monthly Interest on Escrow Accrues 1/12 of the annual amount every month, regardless of what date is selected for the monthly accrual day in the State Table and regardless of the number of days between closing and the first payment ...

• Running the Daily Interest on Escrow Accrual Update

  This update calculates the amount of interest on escrow accrual for each loan that accrues interest on escrow. The update also calculates the amount of interest on loss draft accrual for each loan that accrues interest on loss draft. It is ...

• Adding Interest on Escrow and Interest on Loss Draft Transactions to Batches

  You can automatically create a batch of interest on escrow or interest on loss draft payments, add these transactions to batches and credit borrower accounts. It is important to remember the following If you are building a batch as part of your ...