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#2178722 - 05/18/18 04:02 PM Initial Escrow Deposit
George Offline
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Joined: Apr 2016
Posts: 364
I'm trying to figure out what our options are if we didn't collect enough for the initial escrow deposit because the CD calculated incorrectly.

Go back to the customer to collect the remaining amount?
Take the difference, spread it out over X months and add it to the payment?
Do nothing?

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RESPA
#2178744 - 05/18/18 05:05 PM Re: Initial Escrow Deposit George
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
You would have to issue a short year escrow statement or wait until the next annual escrow analysis.
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