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Ent Credit Union
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Escrow Analysis

As part of your Ent Mortgage Loan, we create an escrow account for your mortgage. Learn more about escrow accounts and your annual escrow analysis in the FAQs below.
An escrow account allows mortgage holders to roll their property taxes, insurance, etc. into their monthly mortgage payment. When those bills are due, Ent pays them from the member’s escrow account. This helps members conveniently budget for these additional costs of home ownership.

Each year we review your mortgage loan to make sure the escrow portion of your monthly mortgage payment covers your real estate taxes and insurance premiums. Increases or decreases in your property taxes, homeowners insurance and/or private mortgage insurance may cause your monthly mortgage loan payment amount to change, based on this analysis.

We send members a copy of their annual escrow analysis by mail.

If bills paid from your escrow account were higher than expected your account may have a shortage.

Ent typically collects escrow shortages in equal payments over a 12-month period. If you have questions about your escrow shortage, please contact Mortgage Lending at (719) 574-1100 or 800-525-9623. 

If bills paid from your escrow account were lower than expected, your account may have a surplus*. 

  • If your surplus is $50 or more, it will be disbursed no later than February 28, 2018. You will either receive a mailed check, or a deposit will be made to your account (visible within Online Banking Mortgage Transaction History), according to Ent's processing criteria. No action on your part is needed.
  • If your surplus is less than $50, Ent will credit this amount against your next year’s escrow payments. 

*Escrow surplus funds are not available on loan(s) with outstanding delinquent payments.

Once you have made your March payment, you can view your updated monthly mortgage loan payment amount (based on your annual escrow analysis) within Online and Mobile Banking by viewing your Mortgage Loan details on the Accounts page.