Sentences with phrase «activity of your escrow»

Every year, the mortgage servicer also is required to give you a free statement that details the activity of your escrow account.

The mortgage servicer also is required to give you a free statement every year that details the activity of your escrow account, unless your payment is more than 30 days overdue.

Not exact matches

The servicing activities are performed on a fee - for - service basis and involve the management of mortgage payments, escrow accounts, and insurance claims, as well as the administration of foreclosure procedures, and the preservation and disposal of real estate owned.

State of the art communication system e-mails you frequently during your escrow to update you on your loan activity as it happens.

Educate homeowners on how to manage, monitor and read their escrow transaction activity and statements to detect escrow shortages and overages impacted by increase or decrease of property taxes and insurance premiums.

107 DOS 98 Matter of DOS v. Sosis - subject matter jurisdiction; due process; failure to appear at hearing; proper business practices; deposits; fraudulent practice; DOS fails its burden of proof; DOS has subject matter jurisdiction if at the time the disciplinary proceeding was commenced by proper service of a notice of hearing and complaint the party was (i) licensed to engage in regulated real estate activities, or (ii) an applicant for either a license or for the renewal of a license to engage in regulated real estate activities, or (iii) eligible to automatically renew the prior license under the two - year limitation provision of RPL § 441 (2); ex parte hearing is permissible upon proof of proper notice of hearing; DOS has subject matter jurisdiction where party was licensed at the time proceeding was commenced and, where at time of hearing, although not licensed was eligible to automatically apply to renew pursuant to RPL § 441 (2); licensee operated a real estate brokerage business under an unlicensed name; licensee unlawfully retains deposit funds after deposit monies were delivered on the condition that same were to be disbursed only on the principal's consent and approval and said consent and approval was not given; licensee's illegal exercise of right of ownership over his principal's funds spawns conversion and constitutes a fraudulent practice; DOS fails its burden of proof to establish licensee failed to deposit trust funds in a segregated escrow account, engaged in fraud and changed business location without notice to DOS; restitution ordered in the amount of $ 1,900 plus interest, fine of $ 1,000 and any further application for licensure shall not be considered until applicant pays said fine and provides proof of payment of restitution