Annual Escrow analysis statement

Posted By: theloanbug

Annual Escrow analysis statement - 01/26/22 02:27 AM

Statement Date 03/01. Does this mean you can cut the Statement on February 5th and mail to customers and still be in the correct time frame. I have read regulations but not sure if understanding. States within 30days. Thanks for advice.
Posted By: rlcarey

Re: Annual Escrow analysis statement - 01/26/22 12:20 PM

I am not following? If 03/01 is the end of the current escrow calculation year, an escrow statement must be provided no later than 03/31. Whether you prepare it in Feb or Mar, you have to deliver by that date.