An escrow account is where funds are held to pay property tax and insurance bills on your behalf. If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month.

The minimum required balance is the lowest positive balance allowed in your escrow account at any given time—this positive balance is also known as a cushion requirement. This helps us minimize the impact to your monthly mortgage payment when property tax and insurance rates increa...

Your escrow account balance, monthly payment amount, and minimum required balance. The recent tax and insurance payments —or disbursements—we’ve made from your escrowed account. Projected property tax and insurance amounts, and their due dates, for the next year.

On your Escrow Review Statement, you’ll see a month-by-month projection of your upcoming escrow deposits, the timing and amounts of upcoming disbursements we expect to make on your behalf, and the running balance of the escrow account.

1. Statement Information. This is your basic information, like the date your statement was generated, loan number, amount due, and payment due date. 2. Explanation of Amount Due. This shows a breakdown of your payment, including the amounts applied toward principal, interest, and es...

We’ll send you a projection of future escrow disbursements—which includes your new monthly payment amount—and an agreement that you must sign and return by the date listed in the cover letter. You must physically sign the agreement (no digital signatures) but you can send it back v...

An escrow—or impound—account is where funds are held to pay property tax and insurance bills on your behalf. If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month.

Your escrow account balance, monthly payment amount, and minimum required balance. The recent tax and insurance payments —or disbursements—we’ve made from your escrowed account. Projected property tax and insurance amounts, and their due dates, for the next year.

If you’re escrowed, your escrow balance will automatically transfer to us, and we’ll begin making tax and insurance payments for you.

If you opened an escrow account as part of your loan agreement—or chose to open one to simplify your life—we will take care of your tax and insurance payments for you. View and manage your escrow account online by signing in to your account.