Advance worksheet · Free download
Servicer Escrow Advance Verification Worksheet
Reconcile a tax or insurance payment the servicer made when the escrow account did not contain enough money, including the later deficiency analysis and repayment request.
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Actual first-page previewServicer Escrow Advance Verification Worksheet
Before you fill it out
What this resource helps you document
Reconcile a tax or insurance payment the servicer made when the escrow account did not contain enough money, including the later deficiency analysis and repayment request.
01Underlying bill
02Escrow balance before payment
03Servicer advance
04Required analysis
05Repayment shown
Federal baseline to check
Use the form with the rule, not instead of the rule.
These templates organize facts and records. They do not create a borrower right that the underlying regulation, loan terms, investor rules, or state law does not provide.
- For escrowed disbursements, the servicer generally must pay on time and advance funds when needed while the mortgage payment is not more than 30 days overdue.
- After advancing funds for a disbursement not caused by borrower payment default, the servicer must conduct an escrow analysis before seeking repayment of the deficiency under § 1024.17(f).
- For hazard insurance, insufficient escrow funds alone do not make the servicer unable to disburse the premium under the special rule for borrowers more than 30 days overdue.
Use this resource carefully
- Document delinquency status as of the property-charge due date, not just today's status; the timely-payment rule is tied to how overdue the mortgage payment was then.
- Verify that an escrow analysis was performed before the servicer sought repayment of a qualifying advance and compare the resulting deficiency with the ledger.
- If the disbursement was hazard insurance and the account was over 30 days overdue, use the insurer/cancellation facts too; the rule has additional limits on when force-placed coverage can be used.
12 CFR § 1024.17(k)CFPB Regulation X § 1024.17(k) — Timely escrow paymentsOpen primary source ↗12 CFR § 1024.17(f)CFPB Regulation X § 1024.17(f) — Shortages, surpluses and deficienciesOpen primary source ↗CFPB consumer guidanceHow to dispute an error or request mortgage informationOpen CFPB guidance ↗