Forms & Documents

Everything you need.

Guides

CA Compund 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).

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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