Escrow
What did you learn today?
Escrow Part 2
ARS Review
Sarah and Aaron are awesome. And justin
100

This document is sent to our client to explain a change in payment due to taxes and insurance

What is Escrow Analysis?

100

This is reported if client make their mortgage payment outside the month it is due.

What is 30 day credit impact?

100

This happens when client does not pay their property taxes or hazard insurance on their own.

What is force placed escrow account?

100

This act prevents us from putting details of medical conditions in our MSP notes

What is HIPPA?

100

Ordering a new hard drive or driving fast cars are a few of my favorite things.

Who is Justin?

200

This happens when there is not enough money in the escrow account to pay taxes or insurance due.

What is escrow shortage?

200

This will be "Plan A" in the event that a Due 1 client calls us regarding a potential upcoming hardship.

What is "provide resources"?

200

This typically happens once a year on loans with an escrow account.

What is escrow analysis?
200

This type of mortgage we service normally takes second lein holder position.

What is HELOC?

200

I am the big brother Sarah never wanted.

Who is Justin?

300

This task is set when we need an individual off schedule analysis ran for a specific loan.

What is ANAIND?

300

This is an option for our current clients who are looking for a lower mortgage payment.

What is refinance?

300

This is the task you set when the client pays their shortage in full.

What is ANASHG?

300

What type of corporate advances are the responsibility of the client?

What are recoverable corporate advances?

300

I haven't eaten one piece cheese since July 6th.

Who is A-Aron?

400

This is the screen in MSP we use to review the most recent anaylsis.

What is ANA1/LAST?

400

This type of financial agreement allows clients over 62 to access the equity in their home.

What is a reverse mortgage (ORM)?

400

Type this in MSP to go to the screen that will tell us what happened with escrow in the analysis before the most current one. 

What is ANA1/LAST2?

400

This chapter of BK includes a post petition payment plan.

What is Chapter 13 BK?

400

I went through 7 phones in the year of 2012.

Who is Sarah?

500

This is the exemption client may qualify for in their county if the property is their primary residence.

What is homestead exemption?

500

This is what you will be doing when you have a client on the line who does not speak English fluently enough to discuss their mortgage with you directly.

What is panic?

500

Type this is MSP in order to see the prediction of what will happen in upcoming yearly analysis.

What is ANA1/trial?

500

This is the process of legally taking responsibility for your mortgage again and must be completed before discharge of your BK.

What is reaffirmation?

500

I have so many degrees some may consider me a doctor.

Who is Dr. A-Aron?