Skip to content
BOL Conferences
Thread Options
#1541411 - 04/27/11 01:25 PM ESCROW ANALYSIS - ANNUAL STATEMENT
Love Cruising Offline
100 Club
Joined: Mar 2009
Posts: 248
WE CURRENTLY HAVE OUR ESCROW ANALYSIS DROP IN THE MONTH OF APRIL. I WOULD LIKE TO CHANGE IT TO START DROPPING IN DECEMBER, THE CUSTOMER WILL GET A SHORTER ESCROW ANALYSIS AT THE END OF THE YEAR, WOULD THAT BE A PROBLEM?

Return to Top
RESPA
#1541521 - 04/27/11 02:28 PM Re: ESCROW ANALYSIS - ANNUAL STATEMENT Love Cruising
David Dickinson Offline
10K Club
David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
First, please don't type in all CAPS. It makes it hard to read and is considered shouting.

You can do a short year statement at any time. If you did an annual analysis in April 2011, you can run another in December or January 2012. You'll simply stop the year, cut statements for what has happened (old history and old projection) and give a new projection based on the next 12 months. Refer to ยง3500.17(i)(4).
_________________________
David Dickinson
http://www.bankerscompliance.com

Return to Top
#1541594 - 04/27/11 03:12 PM Re: ESCROW ANALYSIS - ANNUAL STATEMENT David Dickinson
Love Cruising Offline
100 Club
Joined: Mar 2009
Posts: 248
Thank you.

Return to Top

Moderator:  QCL