Escrow Values

Introduction

This article lists the escrow collection values available in the API. For more information on collection values, take a look at our Enumerated Values Index article.

Escrow Subset Availability (loan.escrowAvailability)

ValueDescription
loan.escrowAvailability.bothAvailable for both loans and leases
loan.escrowAvailability.leaseAvailable only for leases
loan.escrowAvailability.loanAvailable only for loans

Escrow Extend Final (loan.escrowextendfinal)

ValueDescription
loan.escrowextendfinal.noDon’t extend escrow periods after the originally calculated final payment date of a loan
loan.escrowextendfinal.yesDo extend escrow periods

Escrow Map Through Modification (loan.escrowmap)

ValueDescription
loan.escrowmap.noDon’t map escrow periods through loan modifications
loan.escrowmap.yesDo map escrow periods through loan modifications

Escrow Payoff (loan.escrowpayoff)

ValueDescription
loan.escrowpayoff.fullThe escrow payoff was paid full.
loan.escrowpayoff.noneThe loan had no escrow payoff.
loan.escrowpayoff.standardThe standard escrow payoff on a loan.
loan.escrowpayoff.standardPlusThe standard plus period on an escrow payoff.
loan.escrowpayoff.straightlineThe daily straight-line on an escrow payoff.

Escrow Percent Base (loan.escrowPercentBase)

ValueDescription
loan.escrowPercentBase.basePaymentPercentage based off of base payment amount
loan.escrowPercentBase.loanAmountPercentage based off of loan amount
loan.escrowPercentBase.salesPricePercentage based off of sales price

Escrow Payment Application (loan.escrowpmtapp)

ValueDescription
loan.escrowpmtapp.nextThe amount of escrow from the escrow adjustment that applies to the current payment period and the following period will come due.
loan.escrowpmtapp.nextStandardIf the loan is current, it will work like the standard setting. If the loan is past due, it will work like the Next setting.
loan.escrowpmtapp.percentfixedThe escrow amount that applies will be a percentage amount of th eyearly escrow payments.
loan.escrowpmtapp.prorateThe escrow amount from the escrow adjustment that applies to the current payment period will be prorated daily, and the daily escrow amount including today’s will be due.
loan.escrowpmtapp.standardOnly the amount of escrow from the escrow adjustment that applies to the current payment period will come due.

Escrow Prorate First (loan.escrowProrateFirst)

ValueDescription
loan.escrowProrateFirst.fullProrate the full period. This selection makes escrow higher for long periods and lower for short periods.
loan.escrowProrateFirst.noneDon't prorate and instead charge. The escrow amount will be the same as in other loan periods.
loan.escrowProrateFirst.shortOnlyThe escrow will only be lowered for short first periods but won't be raised for long first periods.