Escrow Projections

Escrow projections within loan management software refer to the estimated future activity within an escrow account. This functionality helps lenders and borrowers anticipate upcoming escrow disbursements for various purposes, such as property taxes and insurance premiums. Borrowers can use these projections to budget for their total monthly housing expenses, including the loan payment and anticipated escrow disbursements. Lenders can utilize projections to ensure there are sufficient funds in the escrow account to cover upcoming property taxes and insurance premiums, mitigating the risk of delinquencies or shortfalls.