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COMMERCIAL supports
escrow processing, RESPA-compliant
analysis, and disbursements.
Shaw Escrow Records include
those for collection of taxes,
insurance, and other reserves.
Records can be set up for each
disbursement entity.
Escrow Records can contain
information needed to collect
and disburse monies for property
taxes, insurance, and other
reserves according to the terms
of a loan.
A loan or minor commitment may
have a tax account and an
insurance account. There can be
an unlimited number of
disbursement entities from each
account. Interest can be accrued
and paid on either or both
escrow accounts.
The escrow analysis complies
with all provisions of RESPA.
The user can select accounts for
analysis based on a variety of
parameters.
Shaw tracks all payments and
disbursements. Mass
disbursements are also
supported.
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