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2309 Entering Aggregate Adjustment for HUD 1


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When you set up the Escrow Account from the Utilities menu, Point can use this information for every loan. This article contains two sections:

  • Calculating escrow for an individual file
  • Setting defaults for escrow payments

Calculating Escrow for an individual file.

  1. Go to the Fees Worksheet.
  2. Enter the 1st Payment Date on the upper right of the form.
  3. Scroll down to 9. Initial Deposit for Your Escrow Account.


  4. Click the Aggregate Adjustment button.

  5. The Escrow Account Setup appears. The screen may display default values if they were entered under the Utilities menu but you can adjust the values here for this file).



  6. Enter the amount of months that are collected for each item that is escrowed and click OK. (The months collected at closing will automatically calculate).

  7. For Example:

    6 months of taxes are due in April and another 6 months of taxes are due in November or 12 months of hazard insurance is due in June. If you want to exclude any column from the Aggregate Accounting, check the Exclude checkbox at the bottom of the appropriate column.

    Note: When using the escrow table to calculate the Aggregate Escrow Fee on the Fees Worksheet, remember to exclude any items that are not being escrowed; otherwise the Aggregate Escrow Fee will not calculate correctly.

  8. Click the Aggr Escrow button located at the very bottom of the screen.
  9. Enter the Servicer information.
  10. Click the Calculate button. This brings up the Initial Escrow Account Setup screen again.
  11. Verify that the setup is correct.
  12. Click OK. The screen should now show all the correct disbursements.


Entering default values for Escrow Accounts

  1. From the menu bar, select Utilities > Company Defaults > Escrow Account.

  2. The Escrow Account Setup appears.



  3. Complete the applicable fields that will apply as the default settings. Enter the amount of months that are collected for each item that is escrowed and then click OK.

  4. For Example:

    6 months of taxes are due in April and another 6 months of taxes are due in November or 12 months of hazard insurance due in June. If you want to exclude any column from the Aggregate Accounting, check the Exclude checkbox at the bottom of the appropriate column.


    Note: When you click the Aggregate Escrow button from section 9. Initial Deposit of your Escrow Account of the Fees Worksheet it will open the Escrow Account Setup screen and display your default values. You can change them at this point if the values will be different for this individual loan file and then click OK. (The months collected at closing will automatically calculate.)

    For information on completing the Aggregate Adjustment, refer to knowledge base article 0977 Completing the Aggregate Adjustment on the Closing Disclosure



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Last Modified: Last Year
Last Modified By: cswms
Type: Loans
Rated 2 stars based on 4 votes.
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