Escrow Analysis
Banking
The periodic examination of escrow accounts by a mortgage company to verify that monthly deposits are sufficient to pay taxes, insurance, and other escrow-related items on when due.
- — Dictionary of Banking Terms and Phrases
- — Dictionary of Banking Terms and Phrases retrieved 2014-05-16
Personal Finance
The periodic examination of escrow accounts by a mortgage company to verify monthly deposits are sufficient to pay taxes, insurance, and other escrow-related items on when due.
- — Pocket Cents Glossary retrieved 2014-05-16
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Mortgage
a periodic review of escrow accounts to make sure that there are sufficient funds to pay the taxes and insurance on a home when they are due.
- — Making Home Affordable Glossary retrieved 2014-05-16
Real Estate
The accounting that a mortgage servicer performs to determine the appropriate balances for the escrow account, compute the borrower's monthly escrow payments, and determine whether any shortages, surpluses or deficiencies exist in the account.