You can reverse a final escrow analysis for an individual loan or batch of loans if the following conditions are met:

• The most recent final escrow analysis is reversed.
• A reversal is performed within 14 days of the final escrow analysis.

Loans are deleted from a batch when a final escrow analysis batch is reversed. If all loans in a batch are reversed, you can reuse that batch. You can change the batch criteria, but not the effective date. Therefore, unless you plan to reuse the batch immediately, we recommend that you delete the batch. Loans can be reanalyzed the same day as the original analysis when the original analysis is reversed.

IMPORTANT! Before you reverse a final escrow analysis, consider the following:

• Statements that show a new payment amount may have been sent to borrowers
• Borrowers may have made payments using a new payment amount
• Escrow surpluses may have been disbursed
• If a surplus batch was created but not posted, loans are deleted from the disbursement batch when the final analysis is reversed. Loans that were already posted are not deleted from the disbursement batch. Loans remaining in the reversed analysis batch are not deleted from the disbursement batch.

Tip: Below, you will need the batch ID, effective date, and description. You can find the batch ID, effective date, and description on the Select Batch screen in Analysis.

To reverse a final escrow analysis

1. Open System Administration, and then click Events on the System Administration screen. The Event Manager screen appears.
2. In the Available Events list, expand System Administration, and then expand Repair Functions.
3. Select Reverse Analysis, and then drag it to the Scheduled Instances list.
4. Select Reverse Analysis from the Scheduled Instances list, and then click Criteria. The Custom Stored Procedure Parameters screen appears.
5. Click New. The New Filter screen appears.
6. Select @param_BatchID from the Fields drop-down list, enter a batch ID in the Value field, and then click OK. The Custom Stored Procedure Parameters screen reappears.
7. Select @param_EffDate from the Fields drop-down list, enter the effective date of the analysis batch in the Value field, and then click OK. The Custom Stored Procedure Parameters screen reappears.
8. Select @param_Description from the Fields drop-down list, enter the batch description of the analysis batch in the Value field, and then click OK. The Custom Stored Procedure Parameters screen reappears.
9. (Optional) To reverse an individual loan, select @param_Loan ID from the Fields drop-down list, enter the loan ID in the Value field, and then click OK. The Custom Stored Procedure Parameters screen reappears.
10. To run the update, click Execute. Servicing Director runs the update and notifies you when it is done.
11. Click OK.

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000047140