In 14.2 we will be adding an additional box to the Periodic Billing Statement called the Additional Information box. This box will contain the current escrow balance as well as escrow transactions which have occurred since the previous statement. These transactions will also now be included in the HFS Billing Statement Export.
We are announcing this change so that you may notify your Periodic Billing Statement print vendor in advance if you use the HFS Billing Export to create your Periodic Billing Statements. Be aware that Servicing Director Release 14.2 will include additional transactions that do not qualify to be displayed in the existing Transaction Activity box of the statement. These transactions are included in the C record of the export, along with all other transaction history.
The transactions that will be included in the Additional Information box of the Periodic Billing Statement and in the HFS Billing Statement Export are:
Code Description
240 Escrow Only Payment
241 Tax Refund Report
242 Tax Refund No Report
243 Insurance Refund
245 Int on Escrow Pmt
246 Int on Escrow Withhold
500 Escrow Disbursement
505 Escrow Refund
511 Tax Bill 1 Disbursement
512 Tax Bill 2 Disbursement
513 Tax Bill 3 Disbursement
514 Tax Bill 4 Disbursement
530 Insurance Premium Disbursement
531 Addl Ins Premium Disbursement
ArticleNumber:
000037398