Posted By: Likes to Comply
Escrow Computation Year-What is it? - 11/09/22 03:54 PM
What would be the cycle period and end date in the following example for an Escrow computation year?
A loan closes on 12.21.2021 and the first payment of P&I and Escrow is due 2.1.2022. The initial escrow statement shows Feb 2021 to Jan 2022 for payments to escrow.
Thanks in advance!
A loan closes on 12.21.2021 and the first payment of P&I and Escrow is due 2.1.2022. The initial escrow statement shows Feb 2021 to Jan 2022 for payments to escrow.
Thanks in advance!