This service provides compliance with Regulation Z, Section 35, Escrow Account Requirements and empowers lenders and, servicers to manage their real estate and insurance escrow accounts more efficiently and effectively. Smart Escrow works hand-in-hand with lenders to ensure ease of use, data quality, and RESPA compliance.
Smart Escrow manages the entire process, from the Initial Escrow Analysis and Statement, to bill procurement, disbursement notification, remittance and through to the Annual Escrow Analysis and Statement.
All you have to do is establish an escrow account, and tell us when your borrowers make their mortgage payments. We let you know when it is time to disburse and, after receiving your borrower’s escrow funds, we handle the remittances to the insurance companies and tax authorities.
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