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Off-Cycle Escrow Analysis

Q: What events should trigger the production of an off-cycle escrow analysis?

A: Other than the paying off of the mortgage loan, when a Short Year Escrow Statement is required, off-cycle escrow analyses are not required.

However, in the following situations, it is strongly advisable:


• When a scheduled escrow disbursement has increased or decreased greater than a predetermined amount.  This could be based upon a fixed dollar amount or percentage, determined by each company,

• When the Disbursement Date of an escrowed item is changed,

• The addition or removal of an escrow line, or

• The change in the maximum allowable escrow cushion.


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