Escrow, Taxes, & Insurance
Escrow Basics
Escrow Account DefinitionEscrow account overview, including when it’s required and how it’s usedMinimum Required (Escrow) BalanceDefinition and amount of minimum required balance in escrowRemoving Your Escrow AccountDescribes what it means to remove escrow and provides information on how to request removalAdding an Escrow Account to Your Mortgage PaymentDescribes the process of adding an escrow account to your mortgageMortgage Insurance (also PMI or MIP)What is mortgage insurance (PMI/MIP) and how to request removal
Escrow Analysis
Property Taxes
When We’ll Pay Your Property TaxesAdvises when property taxes are paid from your escrow accountSending Property Tax BillsWhen property tax bills need to be sent to Mr. CooperIssues with Your Property TaxesHow to notify Mr. Cooper of property tax issuesReal Estate Tax ExemptionProvides definition and types of real estate tax exemptionsNew Construction Property TaxesWhat to know about property taxes for new constructionCalifornia Supplemental TaxesWhen a supplemental tax bill may be issued in CaliforniaWisconsin Tax Payment OptionsImportant tax option information for properties in Wisconsin
Insurance
Insurance RequirementsLists requirements for insurance amount, carrier, and typesAdvising Mr. Cooper of Insurance Policy ChangesWhat, when, and how to send updates if your insurance policy changesInsurance Claim Check ProcessWhat happens when you receive an insurance claim checkMortgage Insurance (also PMI or MIP)What is mortgage insurance (PMI/MIP) and how to request removal