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What is an Escrow Account Analysis?

April 26, 2017account analysis escrow online payments payment options

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What is an Escrow Account Analysis?

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This is an annual review of your escrow account performed by Vanderbilt to determine if your current escrow payment is sufficient to pay your insurance premium(s) and/or taxes. The Escrow Analysis is conducted approximately 45 days prior to the anniversary date of your loan. Adjustment(s) to your escrow payment as well as any refund amount due to you will be determined at this time.