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Escrow

The Escrow node allows you to enter insurance and/or tax information for loans the bank escrows. Escrow is enabled when the Loan Will Have Escrow field is selected in the Characteristics node.


Loan Will Have an Escrow field highlighted

When the Escrow node is selected, the insurance and/or tax fees appear within the Escrow Charges screen.

Note The insurance and/or tax fees that appear are tied to specific product types established inSetup > Product Setup > Fees > Escrow Fees.

Escrow Charges table