Think of an escrow account as a special checking account. Each month a certain amount of money is set aside in your escrow account to pay real estate taxes, hazard insurance, mortgage insurance, and other escrow related items, when they are due. Your escrow payment is part of your total monthly mortgage payment. It is collected along with the principal and interest portion of your mortgage payment.

Each year, your account is reviewed to estimate future payments to and disbursements from your escrow account. The process of reviewing your account is referred to as escrow analysis. The analysis method required by the Real Estate Settlement Procedures Act (RESPA) for residential loans is called aggregate analysis. The aggregate method of escrow analysis is similar to balancing your checkbook. Payments go into and disbursements go out of your escrow account to give you a monthly escrow balance. RESPA requires lenders to provide borrowers with an Initial Escrow Account Disclosure Statement within 45 days of closing, and an Annual Escrow Account Disclosure Statement at least once every twelve months thereafter. These statements are designed to provide information regarding the anticipated tax and insurance activity in the escrow account.

The Escrow Disclosure Software prompts the user through a series of questions and then fills out the Escrow Disclosure form using the Aggregate Accounting method. The software works with an initial, annual, or short-year Escrow Disclosure statement. Print or print preview documents on letter size paper. Save and retrieve documents for future use. Aggregate Escrow Adjustment Software is FREE (line 1008 of the HUD-1 RESPA).

Visit us on the web at www.lawfirmsoftware.com for more information.

• HUD-1 RESPA Software 1
  The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. One of its purposes is to help consumers become better shoppers for...

• Aggregate Escrow Adjustment 1
  Quickly and easily calculate the Aggregate Escrow Adjustment also known as line 1008 on the HUD-1, HUD-1A RESPA Settlement Statement

• HUD-1A RESPA Software 1
  The HUD-1A RESPA Settlement Statement automates preparation and printing of the HUD-1A RESPA Settlement Statement forms. This program displays the entire HUD-1A form on the screen in a scrollable format. Information is entered from your keyboard as...

• Real Estate Closing Software 1
  Automates preparation and printing of the HUD-1, HUD-1A RESPA and Escrow Disclosure forms

• PayBook Chrysobery
  PayPal, e-commerce, Free, send money home, payment gateway, merchant, Trader, payment, pay online, free money online, free money, money, merchant account, API, auction escrow service, payment solutions, billing solution, Investor, send money, money transfer, send money, overseas money transfer, Online Trading

• Ciirus Property Manager 2.55
  Property Manager is an Integrated Property Management Administration System specifically designed for vacation rental homes

• EDAccounting 2.7
  Feature of School Accounting Software - Multiuser. Result Preparation: Easy and fast feeding of result sheet as class and subject wise. Attendance Register: Easy to feed student's attendance register. Result Report: Subject wise result sheet, oral...

• PSA Accounting 4.5
  PSA Accounting Software for DOS PSA (VAT Special) Accounting Software (multi-user) with Stock Management System