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#941119 - 04/11/08 10:45 PM Annual Escrow Analysis
Love those Regs Offline
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Joined: Apr 2002
Posts: 296
Southern State
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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#941183 - 04/12/08 02:59 PM Re: Annual Escrow Analysis Love those Regs
Dan Persfull Offline
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Dan Persfull
Joined: Aug 2002
Posts: 47,517
Bloomington, IN
Your first year's analysis would reflect actual figures collected and actual figures paid out during the analysis year. If you paid nothing out in the firs year then why did you establish an escrow account?

If you are referring to the initial escrow analysis it is a projection for the upcoming escrow analysis year. There would be nothing shown for the prior year.
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#941262 - 04/13/08 07:21 PM Re: Annual Escrow Analysis Dan Persfull
Love those Regs Offline
Gold Star
Joined: Apr 2002
Posts: 296
Southern State
Not the initial escrow disclosure but the annual analysis is what I was asking about. Thanks for the input.
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