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Escrow Account Cycles

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Can we as a servicer place all of our customers with escrow on the same account computation year?

Yes, you may issue a short year annual escrow account statement (short year statement) to change one escrow account computation year to another. By using the short year statement you may adjust the production schedule or alter the escrow account computation year for the escrow account.
Learn more about Jack Holzknecht’s webinar
2018 What’s All the Fuss About Escrows

First published on 04/15/2018

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