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Commercial Servicer provides state-of-the-art escrow administration.

  • To assure that payments are remitted in a timely manner, the system produces Unpaid Tax Lists and Insurance Expiration Reports.

  • Remittances can be structured for individual loans or payees.

  • The system supports disbursement stop codes by loan for payee disbursement items and interest payments on impounds.

  • The system supports four escrow types; taxes and insurance, reserves, and two additional lender defined types . Within each of these accounts, the system can store numerous buckets per loan. The tax and insurance escrow account may be designated for optional inclusion in escrow analysis, giving you the capability of efficiently collecting and processing reserves for replacement.

  • Interest on escrow can be structured to be paid on an individual loan or on a group level.

Escrow analysis can be performed on-line at any time for an individual loan or by batch for specified loans and can be customized through user-defined options. For easy access, the last analysis performed on a loan is viewable on-line.

  • You determine the number of escrow payments that are allowed for cushion, the disposition of overages (full refund to borrower or reduction of escrow payment) and the disposition of shortages (full remittance from borrower or increase in escrow payment).

Commercial Servicer also provides you with on-line escrow history and individual escrow bucket review. The investment status of escrow reserves is tracked on a per-loan basis.

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