Before applying any Escrow Tables that may have been setup, you will need to have completed your Initial Fees Worksheet screen or applied a Fees Template to the file as section G. Initial Escrow Payment at Closing will need to have fees listed to use this feature.
1. Open the loan file and click the Application tab.
2. Select Escrow Account from the left navigation panel.
3. Any fees marked for Escrow in section G. Initial Escrow Payment at Closing of your Initial Fees Worksheet will list in the Aggregate Payment section.
4. Use the First Payment Date field or the Calendar button to enter the date the first payment is to be made on the loan.
5. Click the Calculate button to open the Escrow Account Setup window.
6. Verify the populated data from the templated table and make any changes as applicable the loan.
7. Click Calculate.
Note: The Load Default button will pull in the templated tables for the selected fees. This will overwrite any manual entries into the current table(s).
8. The disbursement information will populate the screen.
9. Click the Save button at the top of the workspace.