Can I prevent a shortage from occurring in the future?

Since tax and insurance expenses can change without advance notice, shortages are not always preventable. However, keeping track of your escrow account activity can help you minimize a shortage in the future. If a tax or insurance bill paid out of your escrow account increases from the prior year, you could opt to pay the difference into your escrow account at that time. This will help ensure your escrow balance meets the requirement.

If you have provided us with your email address and have not opted out of receiving emails from us, we will send you an email each time a tax and/or insurance bill is paid on your behalf. You can also log into our website or app to review your escrow activity anytime.