Escrow analysis in CDM is used to project escrow activity for a loan, calculate the monthly escrow payment, identify shortages or surpluses, and support the annual escrow disclosure.

Use this article when creating a new annual escrow analysis, reviewing an existing analysis, or preparing the annual escrow disclosure.

Before You Start

Confirm these items before creating the analysis:

• The loan has escrow enabled.
• The current escrow balance looks correct.
• The next escrow payment due date and amount look reasonable.
• Known escrow obligations are available, such as taxes, insurance, assessments, or other escrow-paid items.
• The account escrow year start month and default reserve months are configured correctly for the agency.

If the escrow year dates or reserve defaults look wrong, confirm the account escrow settings before saving the analysis.

Open the Escrow Workspace

1. Open the client record.
2. Open the related loan.
3. Open the loan escrow workspace or escrow area.
4. Review the Overview tab first.

The Overview tab shows the selected escrow analysis, current escrow balance, next escrow due information, actual activity for the period, projection health, upcoming projected disbursements, and alerts.

If no analysis exists yet, CDM shows a Create Escrow Analysis action.

Create or Select an Analysis

Use the Escrow Year selector when more than one escrow year exists.

Use Create Escrow Analysis when the loan has no analysis yet.