We’ll send you a letter that advises if you are eligible for escrow removal. If approved, we’ll remove the escrow account and send you a final letter with your new monthly payment amount. We’ll also let you know if you have an escrow refund headed your way.

With the cancellation of your prior policy, you should receive a refund on the remaining premium. To address the escrow shortage, please remit the refund from your prior insurance carrier to us for deposit in your escrow account.

To address the escrow shortage, please remit the refund from your prior insurance carrier to us for deposit in your escrow account. With the cancellation of your prior policy, you should receive a refund on the remaining premium.

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.

To address the escrow shortage, please remit the refund from your prior insurance carrier to us for deposit in your escrow account. With the cancellation of your prior policy, you should receive a refund on the remaining premium.

Your escrow account will be debited about 10 business days before the delinquency date, and we’ll let you know when that happens. Many taxing authorities allow grace periods for payments. Grace periods are stretches of time after a due date, but before the delinquency date, w...

We’ll send you an Escrow Review Statement that explains the results of the escrow analysis. Your statement will inform you whether your monthly payment is going up or going down in the year ahead, based on this year’s tax and insurance payments.

Mortgage insurance protects the investor or noteholder if the borrower defaults on the loan. It lowers the investor’s risk when funding a home loan. In most cases, if you pay at least 20% down on your home, you’re not required to carry mortgage insurance.

However, with an approved 100% tax exemption, you pay nothing and we do not collect funds in your escrow account to pay taxes. Common examples of 100% tax exemptions involve senior citizens and disabled veterans.

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 in...