Once you have 40-50 loans, you really should be using a system to manage everything. There’s so much going on…tracking insurance, taxes, you need the reminders.
ESCROW ADMINISTRATION
Generate compliant escrow statements in minutes.
Automate escrow analysis and impound payments to simplify forecasting and keep disbursements accurate, on time, and RESPA-ready.
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SEE THE DIFFERENCE
Take the stress out of escrow administration.
Escrow management can get complicated fast. Without the right tools, teams end up buried in manual calculations, scattered disbursement tracking, and avoidable compliance risk. Our Escrow Administration module solves it all.
- Generate annual escrow disclosure statements quickly and consistently
- Track escrow disbursements and payouts across loans, individually or in bulk
- Automate impound forecasting to manage surpluses, shortages, and deficiencies
Platform Features
Powerful features that deliver complete escrow control.
Escrow Disbursement Management
Easily manage tax and insurance payouts with flexible disbursement tracking at both the loan and portfolio level. Keep payment amounts accurate as changes occur throughout the year.
- Create and update disbursements individually or via CSV import
- Track payee, amount, frequency, and scheduled issue dates
- Issue disbursements directly from loans or in bulk with a few clicks
Impound Payment Tracking
Ensure the right escrow funds are collected with every borrower payment. Built-in analysis tools handle complex calculations so your team stays aligned with escrow commitments.
- Calculate required impound amounts in bulk across the entire portfolio
- Manage surplus, shortage, and deficiency handling options
- Update regular payment impounds seamlessly after analysis
Bulk Escrow Analysis
Run escrow analyses across large portfolios in minutes, not days. Bulk processing streamlines projections, calculations, and statement generation while maintaining consistency and compliance.
- Analyze multiple loans at once by computation period
- Automatically calculate surpluses, shortages, and deficiencies
- Print and email annual escrow disclosure statements in bulk
HOW IT WORKS
Escrow analysis as easy as 1, 2, 3.
Step 1
Set up escrow tracking
Enable escrow administration on applicable loans and establish disbursements, impound amounts, or computation periods.
Step 2
Manage disbursements and payments
Track tax and insurance commitments, update payment amounts as they change, and issue disbursements individually or in bulk.
Step 3
Run escrow analysis
Automatically calculate projections considering cushions, surpluses, shortages, and deficiencies for accurate annual disclosures.
See escrow administration in action
SECURITY, COMPLIANCE & PERMISSIONS
RESPA-ready escrow analysis and disclosures.
Meet RESPA’s accounting and reporting requirements with ease. Escrow Administration helps you generate disclosure statements efficiently through a structured analysis workflow and consistent handling of escrow changes throughout the year, so disclosures and payouts align with what borrowers owe.
- Run escrow analysis that accounts for surplus, shortage, and deficiency scenarios
- Forecast the next computation period and preview statements before updating loan files
- Generate, print, and email annual escrow disclosures for one loan or in bulk
Partnerships & Integrations
Connect Escrow Administration and our robust servicing platform with your team’s existing tools and other powerful integrations to keep escrow data consistent, reduce manual work, and strengthen reporting as you scale.
FAQs
What is an escrow management system?
An escrow management system is a software solution designed to help mortgage servicers and lending teams automate and organize the escrow administration process. This includes tracking impound payments, managing tax and insurance disbursements, running escrow analyses, and generating compliant disclosure statements, all in one place, so teams can meet regulatory requirements without relying on manual processes.
What are the benefits of escrow administration software?
The benefits of escrow administration software include eliminating manual calculations, reducing compliance risk, and bringing order to scattered disbursement tracking. With the right solution, you can automate impound forecasting, generate RESPA-compliant disclosure statements in bulk, and manage payouts across your entire portfolio, all of which save time, reduce errors, and keep disbursements accurate and on schedule.
What features should I look for in escrow software?
The most important features to look for in escrow software include end-to-end escrow management for tax and insurance payouts, automated impound calculation and tracking, bulk escrow analysis across large loan portfolios, and built-in disclosure statement generation. Compliance support, particularly for RESPA’s accounting and reporting requirements, is essential, as is the flexibility to manage loans individually or in bulk.
How do I keep track of escrow accounts?
Keeping track of escrow accounts is easiest when disbursement and impound data is centralized at both the loan and portfolio levels. Escrow Administration enables you to monitor payee details, payment amounts, frequencies, and scheduled issue dates, and automatically flags surpluses, shortages, and deficiencies as they arise. Running regular escrow analyses and distributing annual disclosure statements keeps borrowers informed and your records current.
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