FORUM PROFILE

Re: Escrow cancellation

#3146
jholzknecht
Keymaster

When an escrow is in place you should have an escrow agreement with the borrower that outlines the rights and responsibilities of both parties. It would be appropriate for the escrow to explain when and the escrow can be cancelled.

If you currently are not using an escrow agreement, contact your loan origination software provider to see if one is available thought the LOS.