Posted by LynnNC on 2/16/12 11:27am
Msg #411938

Aggregate Analysis

I am curious how others explain what Aggregate Analysis (in the escrow section of the HUD) is. Chase loans have a sheet explaining it, but I still can't make sense of it.

Reply by Dave Bullock on 2/16/12 11:37am
Msg #411942

I say
"it is a common sense description of how they determine your escrow. read a couple of lines, and it will make your head hurt' Most just sign. Any who read a couple of lines, hand it back signed

Reply by jba/fl on 2/16/12 12:42pm
Msg #411948

I love lines like this - it is great. n/m

Reply by Kay/IL on 2/16/12 12:42pm
Msg #411947

I just tell the borrowers that the aggregated analysis is the way how the lender calculates their monthly escrow.

Reply by Saul Leibowitz on 2/16/12 2:24pm
Msg #411969

If there is an escrow I try to anticipate a problem by volunteering to the effect that the lender is setting up escrows and the negative no. is its computer adjusting to what is really needed.
Always works.

Reply by Barb25 on 2/16/12 3:40pm
Msg #411988

A nice simple explanation

http://eliteescrowservices.com/PDF/Aggregate.pdf

Reply by Bee_CA on 2/16/12 5:34pm
Msg #412005

I tell them the lender has a formula for calculating how many months of taxes and insurance to collect initially, based on what time of year the loan is closing. But, the lender is limited to how much excess it can have in the account, by law (?), so it has to credit back some.