A.1.23 Escrow Payment
The following monetary transactions allow you to specify escrow payment to be billed to the customer each month. Rescheduling an escrow payment enables you to change the payment rate (and hence rate and term) and define when change will begin. The txn date parameter is when the new agreement starts.
The following transactions allow you to adjust or waive the escrow advance.
The adjustments will appears in the corresponding column of Customer Service screen’s Account Balances screen for ESCROW ADVANCE Balance Type-- Waive, Adjusted (-), or Adjusted (+) -- depending on which of the following transactions you perform.
Table A-43 To adjust escrow advance
| Transaction | Parameters |
|---|---|
| Adjustment to escrow advance - add | Txn Date Amount |
| Adjustment to escrow advance - subtract | Txn Date Amount |
Table A-44 To waive escrow advance
| Transaction | Parameters |
|---|---|
| Waive Escrow Advance | Txn Date Amount |
Table A-45 To reschedule an escrow payment
| Transaction | Parameters |
|---|---|
| Reschedule Escrow Payment | Txn Date Amount |
Parent topic: Monetary Transactions