Posted by HisHughness on 3/30/11 4:24pm
Msg #378017

Query for escrow officers

Who produces the Waiver of Escrow Account, the lender or the TC?

Reply by Teresa/FL on 3/30/11 4:34pm
Msg #378019

I'm not an escrow officer but if you are referencing the escrow for taxes and insurance, it is always the lender that determines if an escrow account will be required.

The lender's instructions to the TC will indicate if escrows need to be shown on the HUD or not.

If they choose to waive escrow, there is usually a Waiver of Escrow form in the lender docs.