Edit Escrow Subset Options/Escrow Settings

This request allows you to edit escrowescrow - Functionality that is designed to let you add additional amounts to regularly scheduled payments that don’t apply to any other parts of the loan such as interest, principal, discount, or fees. Adding escrow to an account is similar to adding an additional fee to each payment. options and settings on a loan.

General

There is a vast amount of configuration options available for escrowescrow - Functionality that is designed to let you add additional amounts to regularly scheduled payments that don’t apply to any other parts of the loan such as interest, principal, discount, or fees. Adding escrow to an account is similar to adding an additional fee to each payment.. Here is what you need to know about this request:

  • The EscrowSubsetOptions object is nested within the Loans entity, and it holds the configuration options for Escrow BucketsEscrow Buckets - System for classifying escrow on an account with three main sections: transactions, adjustments, and settings. Escrow buckets can be created in Settings > Loan > Escrow > Buckets..
  • Users can configure up to 25 escrow buckets within their accounts.

For an example of how configuring escrow buckets works within the UI, take a look at our Update Escrow Account Settings article.

Database

For information on escrow database tables, see the following articles:

{
     "EscrowSubsetOptions": {
          "results": [
               {
                    "entityType": "Entity.Loan",
                    "title": "API Demo Bucket",
                    "payoffOption": "loan.escrowpayoff.standard",
                    "paymentApplication": "loan.escrowpmtapp.standard",
                    "aprInclude": 1,
                    "scheduleInclude": false,
                    "disclosureLnAmtAdd": "false",
                    "availability": "loan.escrowAvailability.both",
                    "interestBearing": false,
                    "escrowAnalysisEnabled": 0,
                    "cushion": 1,
                    "cushionFixedAmount": 100,
                    "cushionPercentage": 0,
                    "escrowComputationYearStartDate": "01/01/2021",
                    "nextEscrowAnalysisDate": "01/01/2022",
                    "deficiencyDelimitingDPD": 30,
                    "deficiencyDaysToPay": 30,
                    "deficiencyDelimitingAmount": 1,
                    "deficiencyDelimitingDollar": 0,
                    "deficiencyDelimitingPercentage": 0,
                    "deficiencyCatchupPaymentNumber": 2,
                    "deficiencyActionA": 1,
                    "deficiencyActionB": 0,
                    "deficiencyActionC": 0,
                    "shortageDaysToPay": 30,
                    "shortageCatchupPaymentNumber": 2,
                    "shortageDelimitingAmount": 1,
                    "shortageDelimitingDollar": 0,
                    "shortageDelimitingPercentage": 0,
                    "shortageActionA": 1,
                    "shortageActionB": 0,
                    "surplusAllowedSurplus": 50,
                    "surplusDaysToRefund": 30,
                    "surplusActionA": 1,
                    "surplusActionB": 0,
                    "surplusActionC": 1,
                    "__update": true,
                    "__id": 4
               }
          ]
     }
}

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