When disclosing a C/P loan with escrow, the LE/CD need to reflect that an escrow payment is included in the projected payments section. I believe we still have some testing that needs to be done, but it appears that in order to get the escrow included in the projected payments on the LE/CD, it also completes section G on page 2. Does anyone else have this issue or have found a workaround? It is also creating an initial escrow statement and is including the escrow payment on the construction first payment letter within our LOS system.
Also, when talking about a future escrow agreement is this something that legal would need to prepare or does anyone have a sample of what one may look like?