Escrow Closeout Report
Business Background

The Escrow Closeout Report is used by the originating lender to track endorsed cases with funds held in escrow for repairs or improvements. It includes the following escrow types:

203k substantial rehabilitation work
Energy efficient improvements (i.e., energy efficient mortgage (EEM))
Repair work

This monthly report is divided into the following sections:

Section 1- Escrow Closeouts Overdue (or Cases Overdue): Lists cases for which the repairs and improvements should have been completed and the escrow closed out and recorded in HUD's system (via Escrow Closeout on the FHA Connection). See report field descriptions.
Section 2 - Escrow Closeouts Due Upcoming Month (or Cases Due): Lists cases for which repairs or improvements are due to be completed within the next reporting period and for which the escrow must be closed out. See report field descriptions.
Section 3- Escrow Closeouts in the Reporting Period (or Cases Completed): Lists cases for which repairs or improvements were completed and for which the escrow was closed out and recorded in HUD's system (via Escrow Closeout on the FHA Connection) within the reporting period. See report field descriptions.

Escrow Closeout Report includes the last three monthly reports generated for the lender.

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Viewing, Printing, and Downloading a Report

The report can be accessed in two ways:

View and print the entire report online using a Portable Document Format (PDF) reader, such as Adobe® Reader®.
Download each section of the report to your local computer in a Microsoft® Excel file format (.xls). You must have Microsoft® Excel to be able to open and read the file. If you do not, you must have software that will allow you to use this format or convert it to a compatible format for your use.

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Escrow Closeout Report Business Background

Viewing, Printing, and Downloading a Report

See Also

Escrow Closeout Report
Business Background