Removing Escrow Accounts from Loans in Servicing Director

Removing Escrow Accounts from Loans in Servicing Director

In some cases if you decide that the borrowers can pay their own taxes or insurance, you can remove escrow accounts from loans.


The basic process is as follows:
 
  1. Go to the Tracking Module, and change the relevant details for the loan for the tax details and or the insurance detail screen.
  2. Go to Analysis Module, set up a analysis batch and manually add the loan to the batch
  3. Run a trial calculation for the loan and verify the calculations
  4. Run a final analysis
  5. Handle the surpluses or shortages according to your own business rules.
  6. Produce and Mail the analysis statement.

For more details please refer to the Servicing Director Help Topic called: Removing Escrow Accounts for Loans.

ArticleNumber:

000050573

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