When completing a loan's first annual escrow account analysis, is there any time when it is acceptable to put N/A in the blanks where we are to notate last year's anticipated payments during the period, the low monthly balance limit, or the actual lowest monthly balance amount?
We seem to be doing this on the first years analysis but not on later ones.
Even though the first year may be a short year, it seems to me that we should still be plugging in actual figures and not putting in N/A.
Thanks
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Opinions are mine and subject to change frequently