My escrow analysis statement shows I have an escrow overage. What does that mean?


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My escrow analysis statement shows I have an escrow overage. What does that mean?

An escrow overage occurs when RoundPoint reviews your escrow account and determines that we’ve collected more funds than are needed to fulfill escrow disbursement requirements for the following year.

If the escrow overage is greater than $50, RoundPoint will disburse the overage as refund check mailed to your address on file.

If the escrow overage is less than $50, the overage will be added to your monthly contractual payment as a temporary credit.