What is an escrow analysis?
The Real Estate Settlement Procedures Act (RESPA) requires we review your Escrow balance and all payments made over the past year to ensure we are collecting proper amounts to pay for future tax and insurance invoices.
Each year, we review all escrow accounts to make sure there is enough money to cover taxes and/or insurance payments.
You will receive an Escrow Analysis if 1st Security Bank pays one or more of the following items on your behalf out of your Mortgage Escrow Account: property taxes, hazard insurance, mortgage insurance or flood insurance.
How can I view my escrow account information?
To check your escrow account balance or for other questions about your escrow account please give us a call at (800) 683-0973 Monday through Friday, 8:30am to 5pm PT.
How do I understand the information in my analysis?
We've created an easy-to-follow Escrow Analysis Guide for reading and understanding your Annual Escrow Analysis. Your Annual Escrow Analysis will mail on July 7, 2023.
When should I expect my Annual Escrow Analysis?
Your Annual Escrow Analysis will mail on July 7, 2023. Please review your escrow analysis when it arrives.