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  • Escrow Reconciliation Form 2016

Get Escrow Reconciliation Form 2016-2025

Form 59E As of 00/15/00 Escrow Custodial Reconciliation Worksheet - Monthly Account Statement You must complete a consolidated reconciliation if you have more than one Escrow Custodial Account Seller/Servicer Number 1a 2a Section 1 - Adjusted Bank Balance Bank Balance as of 1b Subtract Outstanding debits 1c Add Deposits in Transit Adjusted bank balance lines 1a-1b 1c Section 2 - Total Liability Escrow trial balance total as of Enter cumulative to.

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A Custodial Account is a Demand Deposit Account or Interest-Bearing Deposit Account the Servicer must establish and maintain at an Eligible Depository for the safekeeping of funds associated with Freddie Mac-owned Mortgages.

Form 59 is used for Principal & Interest Custodial Accounts to reconcile the account and identify any variances. Click the Download button above to view Form 59. Related Guide Bulletins.

Form 59E is used for Escrow Custodial Accounts to reconcile any positive Escrow balances as of the end of the Accounting Cycle.

Simply put, the trial balance is a list of open files and their balances. When we reconcile our personal account, we know the ending balance is our money. Whereas, in escrow accounting any remaining funds belong to some one. The trial balance tells us which file(s) the money belongs.

Freddie Mac does not require Escrow accounts except with respect to the collection of Borrower-paid mortgage insurance paid monthly as described in Section 4701.2 and when required by applicable law.

You have to reconcile every month to make sure the money in your account matches your list of client accounts and the amount in each. California Rule of Professional Conduct 4-100 includes specific requirements: You can't just leave enough money in the account to cover all the funds you are holding for clients.

The three parts of this requirement are the escrow trial balance, the book balance and the reconciled bank balance. The three individual balances must be compared. If all three parts do not agree, the difference must be investigated and corrected.

A custodial account is a demand deposit account or interest-bearing deposit account you must establish and maintain at an eligible depository into which principal and interest payments, escrow funds and other monies due to Freddie Mac, or held on behalf of Freddie Mac-owned mortgages, are deposited.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232