Wrong initial deposit on HUD

Posted By: Many Hats

Wrong initial deposit on HUD - 09/14/12 01:46 PM

If a Bank realizes that after closing the initial deposit for the escrow account was incorrect (was over by almost $700 due to not considering the aggregate adjustment), what can be done about it now. Should the Bank refund the difference now or wait until the annual analysis?
Posted By: rlcarey

Re: Wrong initial deposit on HUD - 09/14/12 02:26 PM

Re-analyze the account and cut them a check now.