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Escrow Services

What are the fees associated with an escrow account?

Service: Escrow Services | Updated: May 8th, 2023

Answer:

There is an opening fee, payment servicing fee, and closing fee for each account.

Opening Fee - The opening fee is based on the contract balance of the escrow. This fee is paid when the escrow is opened. See Escrow Services & Fees brochure for current fees.

Payment Fees - The buyer will usually pay a monthly, quarterly, semi-annual or annual payment fee as determined by the terms of the agreement. The fee is based on the amount of the payment. See Escrow Services & Fees brochure for current fees.

Closing Fee - See Escrow Services & Fees brochure for current closing fees.

Other Fees - See Escrow Services and Fees brochure for a list of other fees that may apply.

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