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CA Compound Schedule
| Closing Month | 1st Payment Month | Tax Installment required to be paid or payment must be shown on HUD | # Mo. to Collect (w/2 mo. Cushion) | |
| January | March | 2nd Half Prior Year | 2 | |
| February | April | 2nd Half Prior Year | 3 | |
| March | May | 2nd Half Prior Year | 4 | |
| April | June | 2nd Half Prior Year | 5 | |
| May | July | 2nd Half Prior Year | 6 | |
| June | August | 2nd Half Prior Year | 7 | |
| July | September | 2nd Half Prior Year | 8 | |
| August | October | 2nd Half Prior Year | 9 | |
| September | November | If Bill Not Released | 2nd Half Prior Year | 10 |
| If Bill Released | 1st Half Current Year | 4 | ||
| October | December | If Bill Not Released | 2nd Half Prior Year | 11 |
| If Bill Released | 1st Half Current Year | 5 | ||
| November | January | 1st Half Current Year | 6 | |
| December | February | 1st Half Current Year | 7 | |
Due Dates: Semi Annual, 1st installment due November 1st, 2nd installment due February 1st.
Cushion: Two month cushion is required on all escrow accounts.
Interest Credit: When loan is closed with interest credit, use the chart above based on the first payment date, not the closing month.
Taxes Due: Property Taxes that are due within 60 days of closing must be paid regardless of impounds. (Even if impounds are waived).
CO Impound Schedule
| Closing Month | 1st Payment Month | Tax Installment required to be paid or payment must be shown on HUD | # Mo. to Collect (w/2 mo. Cushion) | |
| January | March | If Bill Not Released | 2nd Half Prior Year | 10 |
| If Bill Released | 1st Half Prior Year | 4 | ||
| February | April | 2nd Half Prior Year, Due Feb | 5 | |
| March | May | 2nd Half Prior Year, Due Feb | 6 | |
| April | June | 2nd Half Prior Year, Due June | 2 | |
| May | July | 2nd Half Prior Year, Due June | 2 | |
| June | August | 2nd Half Prior Year, Due June | 3 | |
| July | September | 2nd Half Prior Year, Due June | 4 | |
| August | October | 2nd Half Prior Year, Due June | 5 | |
| September | November | 2nd Half Prior Year, Due June | 6 | |
| October | December | 2nd Half Prior Year, Due June | 7 | |
| November | January | 2nd Half Prior Year, Due June | 8 | |
| December | February | If Bill Not Released | 2nd Half Prior Year | 10 |
| If Bill Released | 1st Half Current Year | 4 | ||
Due Dates: Semi Annual, 1st installment due November 1st, 2nd installment due February 1st.
Cushion: Two month cushion is required on all escrow accounts.
Interest Credit: When loan is closed with interest credit, use the chart above based on the first payment date, not the closing month.
Taxes Due: Property Taxes that are due within 60 days of closing must be paid regardless of impounds. (Even if impounds are waived).
Helpful Application Guides
Loan Processing
Loss Payee Clause
CHM uses two sub-servicers which is determined by loan product. Refer to your conditional approval to confirm which version to use.
Conv Agency, Government & Jumbo/Correspondent Products
(ie: AIG, Chase, Redwood, etc.)
Change Home Mortgage c/o LoanCare, LLC
ISAOA/ATIMA
PO Box 202049
Florence, SC 29502
CHM Non-Traditional Products
Change Home Mortgage c/o Shellpoint Mortgage Servicing
ISAOA/ATIMA
PO Box 7050
Troy, MI 48007-7050
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